JOM Variable

April 2019 Bonds

Junior Old Money Variable Mandatory Convertible

€ 52,771,429

$30,836,395

Click here to see full terms and conditions.

Convertible bonds 2019
Summary terms and condictions(*) 
Issuer:Abengoa AbenewCo 2 Bis, S.A.U.
Status of the notes:Senior secured convertible obligations of the issuer
Rating:Unrated
Guarantees:Abengoa and some of its subsidiaries as per terms and conditions of the notes
Number of units issued:858,993,859 for the Euro notes and 501,943,469 for the Usd notes
Value per unit:€0.061434 / $0.061434
Notional amount EUR:€ 52,771,429
Notional amount USD:$30,836,395
Currency:EUR/USD
Start date:April 26, 2019
Settlement date:October 26, 2024 with the possibility of an extension of up to 5 years (subject to creditors' election).
If SOM creditors decide to extend the maturity date, the maturity date of the JOM is automatically extended.
Coupon(1):1.50% PIK
Coupon frequency:Quarterly
Use of Proceeds:Restructuring of Compromised Debt
Repayment schedule:Mandatory conversion at Maturity Date except in certain circumstances under the terms and conditions of the bond. Voluntary conversion in certain circumstances under the terms and conditions of the bond.
Conversion ratio as per terms and conditions of the notes.
Voluntary Conversion at the option of the Noteholders:Upon the occurrence of the completion of a Sale Event
Settlement:Euroclear/Clearstream
Code:XS1978210273; XS1978210430; XS1978210869; XS1978210943
Listing:Vienna Stock Exchange (MTF)
Commissioner:AgenSynd, S.L.
Paying Agent:The Bank of New York Mellon, London Branch
Calculation Agent:Conv-Ex Advisors Limited
(*) Basic summary. All definitions and complete information included in the Terms and Conditions of the bonds
(1) Cupon of 1.5% PIK until the earlier of March 31, 2021 or the early amortization date of the NM2. After such date the cupon will be 1.5% Pay If You Can (PIYC)


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