EDP returns to dollar bond market after four years

By Stefanie Linhardt
08 Jan 2014

Energias de Portugal has sold its first dollar bond for four years. The Portuguese electricity generator priced $750m of seven year notes on Tuesday.

Leads Banco Espírito Santo, Morgan Stanley, RBS, Société Générale and UBS launched the deal with initial price talk of Treasuries plus 325bp-337.5bp and revised guidance to 300bp-312.5bp over.

The deal was priced late on Tuesday evening UK time at 300bp over Treasuries. It has a 5.25% coupon and ...

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