RTE gets €2.75bn book for 20 year with tight premium
Corporate bonds that are executed on Fridays are often brought then to give issuers some space in crowded markets, but in an otherwise quiet week French electricity grid operator Réseau de Transport d’Électricité had little competition for investor attention last Friday as it printed the longest dated deal of the week.
The issuer completed a four day European roadshow last Thursday, telling investors it was looking at a euro benchmark deal with a maximum 20 year tenor.
The lead managers on the RTE deal, Barclays
, BNP Paribas
group, Crédit Mutuel CIC and MUFG
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