Spain's Indra to issue convertible bond

Reuters

MADRID, Oct 8 (Reuters) - Spanish technology company Indra said on Tuesday it was planning to issue a five yearconvertible bond of up to 250 million euros, to push out itsdebt maturities and diversify its financing.

Indra said it had hired Citigroup, JPMorgan,Santander and Natixis to sound out demand forthe issue, which would pay a coupon of between 1.75 percent and2.5 percent.

The company said the convertible bond, in which it wouldhave a three year call option, would be subscribed and issued onOct. 17.

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