Acerinox issues 50 million euros in bonds

Acerinox SA has made a bond issue in the amount of 50 million euros and maturity December 2018. The operation will have a variable rate of 3M Euribor + 175 bp.

This issue is part of Acerinox strategy to diversify funding sources and access the Capital Markets in the most competitive conditions, both in cost and term.

The operation is part of the Base Prospectus for Debt Securities, for a maximum amount of 500 million euros, registered in the official registers of the “Comisón Nacional del Mercado de Valores”  (CNMV) on 17 July 2014. Acerinox SA already approved in July 2014 a 75 million euros bond issue with maturity 2024.

Banco Bilbao Vizcaya Argentaria SA (BBVA) has acted as Lead Manager and Placement.