E.On bucks Germanic tightening trend, launches in line with market
Utility firm E.On launched a new five year refinancing transaction on Friday, pricing its new five year plus one plus one facility in line with its fellow German borrower Daimler.
The new €5bn transaction for the A3/A-/A- rated E.On is being marketed at a margin of 27.5bp over Euribor. The facility will be used to refinance a €6bn five year revolver signed in October 2010 priced at 47.5bp over.
Commerzbank and UniCredit are leading the deal for E.On
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