Amprion powers into Schuldschein market

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By Silas Brown
07 Oct 2020

German electricity transmission firm Amprion launched Schuldschein and Namensschuldverschreibungen (NSV) notes on Wednesday, becoming the first borrower to launch a deal into the market this month. Bankers are gearing up for a busy fourth quarter.

According to a term sheet seen by GlobalCapital, leads BayernLB, Commerzbank, Helaba, LBBW and UniCredit are offering investors seven to 30 year paper.

Spreads ranges are 90bp-110bp for seven years, 110bp-130bp for 10 years, 130bp-150bp for 15 years, 150bp-170bp for 20 years, 180bp-200bp for 30 years. The fixed ...

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