Debt inssuance

On March 5th, 2018, Ence completed the issuance of convertible bonds for an amount of € 160 MM, maturing in 2023. The Bonds bear a fixed annual interest rate of 1.25% payable semi-annually and are convertible into Ence’s ordinary shares, at the option of bondholders, at an initial conversion price of 7.2635 euros per share.

Funds obtained with the issuance of these convertible bonds have been used to finance the voluntary early redemption on June 1st, 2018, of the bond issued on October 30th, 2015, for an amount of € 250 MM.

Convertible bonds are currently listed on the Frankfurt Stock Exchange. For more information CLICK HERE

Senior Unsecured Convertible Bond

Issuer
Ence Energía y Celulosa S.A.
Issuance date
05/03/2018
Quantity
160.000.000€
Type
Senior Unsecured
Coupon
1,250%
Initial conversion price
7,2635 €/share
Maturity
05/03/2023
Market
Frankfurt stock Exchange
ISIN Code
XS1783932863

Corporate rating

 Ence’s corporate and emission credit rating is as follows:

Credit agency
Rating
Outlook
Date
Moody's
Ba2
Stable
28/05/2018
S&P
BB
Stable
27/04/2018

Documentation