Terna Sets Guidance On 5-Year Euro Bond At Swaps +2.65 Area

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The FINANCIAL — Italian electricity grid operator Terna SpA has set price guidance on its benchmark-size, euro-denominated, five-year bond, one of the banks running the deal said Monday.

 

According to Borsa Italiana – London Stock Exchange Group, initial guidance is in the area of 265 basis points over midswaps.

BNP Paribas SA, JPMorgan Chase & Co., Deutsche Bank AG, Mediobanca, Natixis and UniCredit SpA are the lead managers on the sale.

The issuer is rated A2 by Moody's Investors Service Inc., A- by Standard & Poor's Corp. and A by Fitch Ratings.

 

 

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