Eustream beats pre-summer pricing on €250m tap

Slovakia’s Eustream closed a €250m twice subscribed tap of its €500m 2020 bond on Tuesday, having waited just over a month to take a second bite of the debut bond at a better price.

  • By Steven Gilmore
  • 04 Sep 2013

The gas pipeline company priced the €250m increase at 180bp over mid-swaps after approaching investors with 185bp area guidance on Tuesday morning. The outstanding bonds were wrapped around 160bp over in the secondary market when Eustream announced the tap.  

A syndicate banker on the deal said 20bp was ...

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