(Tiper Stock Exchange) – Triadmanager of electricity transmission networks listed on Euronext Milan, has successfully placed abond issuesingle tranche, in Euros, at a fixed rate and for a total of 750 million euros.
The issue, which got a maximum request equal to about 4 times the offerwas implemented as part of its Euro Medium Term Notes (EMTN) Programme, the total amount of which is equal to 9 billion euro and which has been assigned a BBB+ rating by Standard and Poor’s and (P)Baa2 by Moody’s.
The bond provides for a duration of 6 years and expiring on April 21, 2029, will pay one annual coupon equal to 3.625% and will be issued at a price of 99.281%, with a spread of 70 basis points over the midswap.
The proceeds of the issue are expected to be used to meet ordinary needs finance of the group and to cover the requirements of the Business Plan. An application will be made for admission to listing on the regulated Luxembourg Stock Exchange.
The operation was supported by a bank unionwithin which they acted, as joint-bookrunners: BNP Paribas, Credit Agricole, Caixa Bank, Goldman Sachs, HSBC extension, Intesa Sanpaolo, JPMorgan, Mediobanca, Morgan StanleySMBC, UniCredit.