Germany's EnBW plans benchmark euro bond -IFR
LONDON, July 1 |
LONDON, July 1 (Reuters) - German nuclear power company EnBW (EBKG.DE) plans a two part six-year and 30-year benchmark euro bond, IFR reported on Wednesday.
Guidance has been set at mids-swaps plus around 110 basis points for the six-year tranche and at mid-swaps plus around 225 basis points for the 30-year tranche, said IFR Markets, a Thomson Reuters online news and market analysis service.
BNP Paribas, Commerzbank, Royal Bank of Scotland and Morgan Stanley are joint lead managers for the issue and DZ Bank, Unicredit and LBBW are co-managers, IFR said
Energie Baden Wuerttemberg is rated A2 by Moody's Investors Service, A- by Standard & Poor's and A by Fitch Ratings. (Reporting by Jane Merriman; Editing by Dan Lalor)
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