Chicago, June 6 – Enexis Holding NV priced €500 million of 3.625% green bonds due 2034 (Aa3) on Monday, according to a market source.
The bonds priced at 99.929, or at mid-swaps plus 65 basis points. Price talk was in the mid-swaps plus 105 bps area.
Call protection provisions include a Bunds plus 20 bps make-whole call and then a three-month par call.
The Regulation S bonds were sold by ABN Amro, BNP Paribas and ING (billing and delivery).
The €500 million size was set before pricing. Books were around €1.8 billion at the final terms.
Proceeds will be used to finance or refinance eligible green assets.
Based in S’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
|
| Issue: | Green bonds
|
| Maturity: | June 12, 2034
|
| Bookrunners: | ABN Amro, BNP Paribas and ING (billing and delivery)
|
| Green structurer: | ABN Amro
|
| Coupon: | 3.625%
|
| Price: | 99.929
|
| Yield: | 3.633%
|
| Spread: | Mid-swaps plus 65 bps
|
| Call features: | Make-whole call at Bunds plus 20 bps; three-month par call
|
| Trade date: | June 5
|
| Settlement date: | June 12
|
| Rating: | Moody’s: Aa3
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 105 bps area
|
| ISIN: | XS2634616572
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
