Chicago, July 8 – Region Ile-de-France priced €700 million of 2.23% sustainable senior notes with a 10-year tenor (Aa2//AA) on Friday, according to information from a market source.
The notes priced with a 99.938 discount to yield 2.237%, or at a spread of 40 basis points over interpolated OATs.
Guidance was for a spread in the 42 bps area.
At the close of books, interest was above €1.4 billion.
Bookrunners were BNP Paribas, Credit Agricole CIB, HSBC and Natixis. Natixis handled billing and delivery for the Regulation S issue.
Proceeds will be used predominantly for green projects fully aligned with the European taxonomy (climate change mitigation) for public transport and sustainable buildings.
| Issuer: | Region Ile-de-France
|
| Amount: | €700 million
|
| Issue: | Sustainable senior notes
|
| Maturity: | July 19, 2032
|
| Bookrunners: | BNP Paribas, Credit Agricole CIB, HSBC and Natixis
|
| Coupon: | 2.23%
|
| Price: | 99.938
|
| Yield: | 2.237%
|
| Spread: | OATs plus 40 bps
|
| Trade date: | July 8
|
| Settlement date: | July 19
|
| Ratings: | Moody’s: Aa2
|
| Fitch: AA
|
| Distribution: | Regulation S
|
| Price talk: | OATs plus 42 bps area
|
| ISIN: | FR001400BCS5
|
|
|
© 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.
