Granvia sends out pricing thoughts for project bond

Granvia starting taking indications of interest on a €1.22bn 2039 project bond on Tuesday morning, and the Slovak company is aiming to price its deal by the end of the week.

  • By Steven Gilmore
  • 19 Nov 2013

Bookrunners Deutsche Bank and Natixis approached investors with price thoughts in the 230bp over a 2.42% reference swap area for the Reg S deal.

Standard & Poor’s is expected to assign the bonds a BBB+ rating.

“The pricing looks punchy,” said a syndicate banker. “It’s only 100bp back ...

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5 Mizuho 4,473.33 18 5.19%

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5 SG Corporate & Investment Banking 943.52 7 5.71%

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3 Goldman Sachs 85.71 1 10.55%

Bookrunners of European Corporate IG Bonds

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1 Citi 2,087.29 10 8.43%
2 Mizuho 1,656.00 6 6.69%
3 BNP Paribas 1,583.41 10 6.40%
4 JPMorgan 1,130.71 4 4.57%
5 Commerzbank Group 1,090.75 4 4.41%