Supply shortage keeps pricing tight in green utilities

Iren 230x150
By Nigel Owen
19 Oct 2017

After utility companies dominated the investment grade benchmark corporate bond market last week, Iren followed this week with a debut green bond that was priced tight to its secondary curve.

A majority of the deals have been 10 years. Snam and A2A issued bonds with that tenor last week, and Iren made it three out of five this week when it announced its €500m no-grow deal with the same tenor and initial price thoughts of 110bp over ...

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