2I Rete Gas prezza bond 2019 per 750 mln, bond 2024 per 600 mln

mercoledì 9 luglio 2014 17:23
 

July 09 (Reuters) -Following are terms and conditions
of a dual tranche deal priced on Wednesday.

    Borrower                2i RETE GAS SPA
    * * * *
    Tranche 1
    Issue Amount            750 million euro
    Maturity Date           July 16, 2019
    Coupon                  1.75 pct
    Reoffer price           99.938
    Reoffer yield           1.763 pct
    Spread                  112 basis points
    Underlying govt bond    Over Mid-Swaps, equivalent to 145 bp
                            Over the 0.5 pct Due 2019 OBL
* * * *
Tranche 2
    Issue Amount            600 million euro
    Maturity Date           July 16, 2024
    Coupon                  3.0 pct
    Reoffer price           99.719
    Reoffer yield           3.033 pct
    Spread                  160 basis points
    Underlying govt bond    Over Mid-Swaps, equivalent to 181.4 bp
                            Over the 1.5 pct Due 2024 DBR
* * * *
Common Terms
    Payment Date            July 16, 2014
    Lead Manager(s)         Banca IMI, BAML, BNP Paribas, Credit Agricole CIB &
                            Mediobanca
    Ratings                 Baa2 (Moody's) &  BBB  (S&P)
    Listing                 Dublin
    Full fees               Undisclosed
    Denoms (K)              100 - 1
    Governing Law           English
    Notes                   Launched under issuer's EMTN programme


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