Slovakian Granvia gears up for project bond
Slovakian company Granvia is planning a €1.2bn project bond and has picked Deutsche Bank and Natixis as bookrunners. The company starts investor meetings in Europe on Wednesday ahead of the 26-year transaction.
The issuer operates and manages part of the R1 expressway in southwest Slovakia, and will use the bond’s proceeds to repay an existing loan and meet the cost of breaking the previously agreed swap, according to a Standard & Poor’s pre-sale report.The issuer closed the loan in ...
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