GEK TERNA: The Issuance of a Seven-Year €500 Million Bond Has Begun – Where Is the Pricing Being Formed?
6 Articles
6 Articles
Initial Price Thoughts (IPTs) are set at 165-170 basis points above the midswap reference rate
Strong demand is being recorded for GEK TERNA's new seven-year bond, with bids, according to information, already exceeding 2 billion euros.
GEK TERNA opened the bid book for a seven-year Eurobond of 500 million euros, attracting strong initial interest from investors. According to initial information, the bids exceeded 1.5 billion euros, covering three times the amount of the issue. However, the amount concerns an interim picture of the book and not the final result. The initial indication for the yield Specifically, the initial guidance provides for a margin of 165–170 basis points…
The international bond markets are giving an impressive welcome to the exit of the GEK TERNA group, which is proceeding with the issuance
With offers of 1.5 billion euros, the issuance of a eurobond of up to 500 million euros by GEK TERNA began, after last week's temporary postponement. With Mid Swap rate plus 165-170 basis points.
The version is reportedly expected to yield up to 5.1%.
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