FADE returns with four year
Spain’s Fondo de Amortizacion del Déficit Eléctrico (FADE) wasted no time in returning to capital markets borrowing after the Christmas break, announcing a March 2017 trade on Wednesday morning. Demand was such that the issuer was able to treble the size from the initial minimum size and set pricing 17bp tighter than it managed with its last syndicated appearance.
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
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
