FADE grabs €1bn, tightens by 4bp

By Burhan Khadbai
10 Oct 2018

Fondo de Amortización del Déficit Eléctrico braved volatility in the eurozone periphery bond market on Wednesday for its second benchmark of the year.

Leads Barclays, BBVA, Crédit Agricole, HSBC priced a €1bn December 2023 Reg S with a spread of 16bp over the mid of the Bono curve, interpolated between the 4.4% October 2023 and 4.8% January 2024. That was 4bp tighter than initial price thoughts of plus ...

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