ICE prints 30 year as duration demand hot

Costa Rica’s Instituto Costarricense de Electricidad (ICE) followed in the footsteps of its sovereign on Wednesday, selling a nine times oversubscribed 30 year bond as investors remain keen on the extra yield on offer from longer maturities.

  • 09 May 2013

Just one day after Mexico’s Femsa had printed $700m of 2023s as part of a $1bn 10 and 30 year bond offering, ICE attracted more than $4.5bn in orders for its $500m Baa3/BB+ rated deal.

The government-owned borrower sold the bonds at 98.359 with a 6.375% coupon to yield ...

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5 Goldman Sachs 52,725.73 259 3.82%

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5 Deutsche Bank 13,139.03 67 5.63%

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4 Goldman Sachs 12,435.18 94 7.32%
5 Morgan Stanley 9,748.90 76 5.74%

Bookrunners of European Corporate IG Bonds

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1 BNP Paribas 15,614.90 90 5.82%
2 SG Corporate & Investment Banking 13,889.15 66 5.18%
3 Barclays 13,651.30 58 5.09%
4 JPMorgan 13,469.46 59 5.02%
5 Citi 13,203.46 60 4.92%