Red Eléctrica hires for phone-only roadshow

Red Electrica renewable control from its media gallery 230x150
By Mike Turner
01 Apr 2020

Spain’s Red Eléctrica Corporación has hired banks to run a series of fixed income investor calls for a debut five year senior unsecured deal, in the first European corporate roadshow since stringent social distancing measures were implemented across the continent.

The A-/A- rated utility has hired Banca Imi, Barclays, BBVA, Citigroup and Santander to organise the calls.

The roadshow structure is indicative of how market activities have had to adapt in a world beset with the coronavirus pandemic.

“Investors are used to calls already,” said a bond banker off ...

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