By Rebecca Melvin
New York, April 26 – Estonia’s Elering AS priced €225 million 7/8% five-year notes on Thursday at 99.907 to yield 0.89%, according to market sources on Thursday.
J.P. Morgan Securities plc and Danske Bank AS are joint bookrunners for the Regulation S-only notes offering.
A listing on the London Stock Exchange is expected.
Based in Tallinn, Elering is the sovereign-owned operator of the national electricity grid.
| Issuer: | Elering AS
|
| Issue: | Notes
|
| Amount: | €225 million
|
| Maturity: | May 3, 2023
|
| Bookrunners: | J.P. Morgan Securities plc and Danske Bank AS
|
| Coupon: | 7/8%
|
| Price: | 99.907
|
| Yield: | 0.89%
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
| Distribution: | Regulation S
|
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