Statnett benefits from state ownership on euro debut

Norwegian state-owned grid operator Statnett priced its debut benchmark euro corporate bond on Wednesday, opting to go longer than the 10 year tenor many of the recent utility issuers chose.

  • By Nigel Owen
  • 19 Oct 2017

While the A2/A+ rated issuer was never going to pick as long a maturity as its French peer RTE’s 20 year deal last Friday, it had indicated to investors it planned to sell a benchmark transaction with a tenor of between 10 years and 12.5 years.

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5 JPMorgan 15,860.55 55 5.36%