50Hertz sets up capital structure with Eu850m debut

31 Mar 2010

The German transmission grid 50Hertz Transmission, sold by Vattenfall to Belgium’s Elia and Australia’s Industry Funds Management late last year, has raised an Eu850m debut loan through its subsidiary Eurogrid.

The club deal establishes an independent capital structure for the unrated company.

"The process was smooth," said a banker involved in the deal. "Elia has a large group of lenders, and there was some competition to be involved in this. Four banks were able to put the money ...

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