Gas Natural keeps up supply pressure at the long end
Gas Natural Fenosa, the Spanish energy firm, kept the long end alive on Wednesday as it issued a €1bn 10 year bond that won over two times oversubscription.
Gas Natural, rated Baa2/BBB/BBB+, announced the benchmark 10 year transaction on Wednesday morning.
As a triple-B rated Spanish credit, Gas Natural mimicked Telefónica’s push for tenor on Tuesday.
But whereas Telefónica pulled in €830m of orders
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