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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%