OHLA - comment
OHLA expects to complete the SSN exchange and the first part of the equity raise by mid-December (from the new investors), which is positive for creditors. However, no comment has been made on raising the remaining €50m of the €75m Rights Issue. We are sceptical that this will happen, but it represents an upside if OHLA raises a convertible or manages to persuade some of its existing shareholders.
https://www.cnmv.es/webservices/verdocumento/ver?t=%7b769d7a72-edcb-4f01-8b82-8ae8621b5e04%7d