Energias de Portugal to price 7yr tightly at 4.25%

Energias de Portugal, the Portuguese electricity company, is set to price a €600m 7.2 year bond at 4.25% on Wednesday — only 25bp wider than where its 2020 notes were trading.

  • By Stefanie Linhardt
  • 13 Nov 2013

The Ba1/BB+/BB- rated issuer launched its transaction as a benchmark on Wednesday with initial price talk in the 4.5% area.

Bookrunners BBVA, Besi, BNP Paribas, BPI, Deutsche Bank, HSBC, JP Morgan, Millennium BCP and Mitsubishi UFJ Securities tightened guidance to 4.25% to 4.375% later in the day, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%