Fluxys sells small but beautifully formed dual tranche

On Thursday, Belgian gas transmission system operator, Fluxys, successfully priced both sub-benchmark tranches of its latest corporate bond deal it had set out to sell when it met with investors earlier in the week. The 10 year tenor was the company’s primary aim, but it was also willing to explore reverse enquiry for a 15 year tenor.

  • By Nigel Owen
  • 28 Sep 2017

Lead managers Belfius Bank, Commerzbank, Crédit Agricole, Mizuho and NatWest Marketshad organised a three day roadshow in Europe for the unrated issuer, which had only ever issued private placements and sub-benchmark sized deals before.

Fluxys’ largest single tranche to date was a ...

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