Published on 7/5/2011 in the Prospect News Emerging Markets Daily.
New Issue: Estonia's Elering prices €225 million 4 5/8% notes due 2018 at mid-swaps plus 173 bps
By Christine Van Dusen
Atlanta, July 5 - Estonia's Elering AS sold €225 million 4 5/8% notes due July 12, 2018 (A3) at 98.812 to yield 4.829%, or mid-swaps plus 173 basis points, a market source said.
Deutsche Bank and Nordea Markets were the bookrunners for the Regulation S transaction.
Elering is the sovereign-owned operator of the national electricity grid, based in Tallinn.
| Issuer: | Elering AS
|
| Amount: | €225 million
|
| Maturity: | July 12, 2018
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Nordea Markets
|
| Coupon: | 4 5/8%
|
| Price: | 98.812
|
| Yield: | 4.829%
|
| Spread: | Mid-swaps plus 173 bps
|
| Trade date: | July 1
|
| Settlement date: | July 12
|
| Ratings: | Moody's: A3
|
| Distribution: | Regulation S
|
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