Estonia’s Eesti Energia talks up to €500 million eight-year notes at mid-swaps plus 160 bps area

By Christine Van Dusen

Atlanta, Sept. 10 – Estonia’s Eesti Energia AS set talk in the mid-swaps plus 160 basis points area for a €300 million to €500 million offering of notes due in eight years, according to a company announcement.

Deutsche Bank, Barclays, Nordea Bank Danmark and Swedbank are leading the transaction.

The notes, part of a tender offer, could price as soon as Thursday.

Holders of the company’s €400 million 4¼% notes due 2018 and €300 million 4½% notes due 2020 can tender the notes for cash.

The issuer is a utility based in Tallinn.

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