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Published on 6/10/2020 in the Prospect News Green Finance Daily.

New Issue: Enexis prices €500 million 0.625% 12-year green notes at mid-swaps plus 60 bps

By Devika Patel

Knoxville, Tenn., June 10 – Enexis Holding NV sold €500 million of 0.625% 12-year green notes (Aa3/A+) at a spread of mid-swaps plus 60 basis points in a Regulation S sale, according to a press release.

ABN Amro, BNP Paribas, Commerzbank and ING were the bookrunners.

Based in Hertogenbosch, Netherlands, Enexis is a holding company that provides electricity, natural gas, pay systems, and utility services through its subsidiaries.

Issuer:Enexis Holding NV
Amount:€500 million
Description:Notes
Maturity:June 17, 2032
Bookrunners:ABN Amro, BNP Paribas, Commerzbank and ING
Coupon:0.625%
Spread:Mid-swaps plus 60 bps
Call:Make-whole call until three months prior to maturity, then a par call
Trade date:June 10
Settlement date:June 17
Ratings:Moody’s: Aa3
S&P: A+
Distribution:Regulation S

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