Second test of EIB project enhancement in £304m Ofto bond

The second project bond to use the European Investment Bank’s Project Bond Credit Enhancement will be brought to market in the coming days by HSBC (arranger) and Santander, after a UK roadshow this week.

  • By Jon Hay
  • 22 Nov 2013

The amortising, long term bond of £304m will finance the Greater Gabbard ‘Ofto’, or offshore transmission owner. It will be rated A3 (stable) by Moody’s.

Meanwhile, the first Slovak public-private partnership is set to be financed with a €1.25bn project bond today (Friday), as Deutsche Bank and Natixis ...

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