Gas Natural goes free to trade, into low to mid 90s
Gas Natural’s Eu18.3bn syndicated loan went free to trade this morning (Wednesday). The deal has been quoted in the low to mid 90s, with the five year money offered at 93.0 and the three year tranche quoted at 95.0. Bankers said that while few trades have taken place, they expect the main sellers to be among the underwriters rather than the participants.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
