By Christine Van Dusen
Atlanta, Oct. 8 - Zapadoslovenska energetika AS (ZSE) priced €315 million five-year notes and €315 million 10-year notes (expected rating: /BBB+/), a market source said.
The issuer sold €315 million notes due Oct. 14, 2018 at par to yield 2 7/8%, or mid-swaps plus 160 basis points. The notes were talked at a spread of mid-swaps plus 160 bps to 165 bps.
The issuer also sold €315 million 4% notes due Oct. 14, 2023 at 99.814 to yield 4.023%, or mid-swaps plus 190 bps.
The notes were talked at a spread of mid-swaps plus 190 bps to 195 bps.
Citigroup and Societe Generale were the bookrunners for the Regulation S-only deal.
The issuer is a Bratislava, Slovakia-based electricity utility company.
| Issuer: | Zapadoslovenska energetika AS (ZSE)
|
| Amount: | €630 million
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Societe Generale, Raiffeisen Bank
|
| Trade date: | Oct. 7
|
| Settlement date: | Oct. 14
|
| Expected rating: Standard & Poor's: BBB+
|
| Distribution: | Regulation S
|
|
|
| Notes due 2018
|
| Amount: | €315 million
|
| Maturity: | Oct. 14, 2018
|
| Coupon: | 2 7/8%
|
| Price: | Par
|
| Yield: | 2 7/8%
|
| Spread: | Mid-swaps plus 160 bps
|
| Price talk: | Mid-swaps plus 160 bps to 165 bps
|
|
|
| Notes due 2023
|
| Amount: | €315 million
|
| Maturity: | Oct. 14, 2023
|
| Coupon: | 4%
|
| Price: | 99.814
|
| Yield: | 4.023%
|
| Spread: | Mid-swaps plus 190 bps
|
| Price talk: | Mid-swaps plus 190 bps to 195 bps
|
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