(Bloomberg) -- Enel SpA, Italy's largest utility,
raised 4.97 billion euros ($6.61 billion) in Europe's biggest
bond sale this year to help finance its bid for Endesa SA.
The Rome-based company will pay as much as 34 basis points
more than benchmark rates on 1.5 billion euros of 10-year bonds,
the largest part of the financing, according to data compiled by
Bloomberg. That's 5 basis points more than the yield on Enel's
existing 750 million euros of 4.75 percent bonds due 2018. Enel
is paying more than Norwegian utility Statkraft AS, which has
worse credit ratings.
Read more at Bloomberg Energy News
raised 4.97 billion euros ($6.61 billion) in Europe's biggest
bond sale this year to help finance its bid for Endesa SA.
The Rome-based company will pay as much as 34 basis points
more than benchmark rates on 1.5 billion euros of 10-year bonds,
the largest part of the financing, according to data compiled by
Bloomberg. That's 5 basis points more than the yield on Enel's
existing 750 million euros of 4.75 percent bonds due 2018. Enel
is paying more than Norwegian utility Statkraft AS, which has
worse credit ratings.
Read more at Bloomberg Energy News
No comments:
Post a Comment