Enagás taps blooming 12 year sweet spot

Gas web_230px
By Ross Lancaster
26 Apr 2016

Enagás, the Spanish gas transmission and network manager, tapped the European corporate bond market’s taste for 12 year risk on Tuesday with a €750m transaction that was over four times oversubscribed.

The A-/A- rated issuer announced on Tuesday that it wanted a benchmark 12 year bond.

Bookrunners Banca IMI, BBVA, Citi, Mizuho,Natixis and Société Généralegave initial price thoughts in the 80bp area over mid-swaps.

Using Enagás' three outstanding bonds: 2022 notes, 2023 notes and 2025 ...

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