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, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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
  • Today
1 Citi 81,747.75 235 12.94%
2 Bank of America Merrill Lynch 70,673.72 216 11.18%
3 Wells Fargo Securities 62,362.66 195 9.87%
4 JPMorgan 45,920.23 145 7.27%
5 Credit Suisse 36,830.60 112 5.83%