Something for everyone: EP Energy three times covered for €500m debut
Czech utility EP Energy attracted a book that was more than three times covered for its debut bond on Wednesday. The firm, rated BB+ by Fitch, sold €500m of seven year notes with a 5.875% coupon at par, having attracted a €1.8bn book. Guidance was in the 6% area. The BBB- rated bond traded up to 102.5 on Thursday.
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