Semapa says starts 175 mln euro bond issue

Semapa says starts 175 mln euro bond issue
Published: 24 April 2006

Portuguese conglomerate Semapa has begun a 10-year, Euro 175m bond issue in a private placement, the company said on Friday.  The issue was launched on Thursday, Semapa said in a statement. The issue is part of a debt restructuring of the timber-to-cement conglomerate, which includes Secil.   Banco Espirito Santo and Caixa-Banco de Investimento led the issue.