Fingrid’s €300m 12 year flies, in line with bigger peers

27 Mar 2012

Fingrid, the Finnish state-controlled power transmission network, achieved a successful sale with its first public bond issue in euros today, and raised its target size of €300m with substantial oversubscription.

Rated A1/AA-/A+ with a negative outlook from Standard & Poor’s, Fingrid has issued many small private euro notes, as well as bonds in yen, Swiss francs, dollars and Norwegian kroner. Its one benchmark bond is a Skr1bn five year sold in October 2011.

That was of little use as ...

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