Spain's Urbas Guadahermosa plans to issue EUR 150 mln of convertible bonds to improve the company's financial position. The first part of the operation involving EUR 45 mln in bonds is to be completed before 31 October. These bonds will be converted into shares within four to six months, the company said.
Spain's Urbas Guadahermosa plans to issue EUR 150 mln of convertible bonds to improve the company's financial position. The first part of the operation involving EUR 45 mln in bonds is to be completed before 31 October. These bonds will be converted into shares within four to six months, the company said.
The second tranche of around EUR 105 mln is scheduled for the end of the year.
In a separate statement, the company said it registered a loss of EUR 8.5 mln in the first six months of 2009, a moderate improvement on the EUR 15 mln loss in the same period last year.
