By Paul A. Harris
St. Louis, April 13 - Eneco Holdings NV, a Dutch utility company, completed an upsized $330 million four-part private placement of senior notes, according to a market source.
The deal was upsized from $150 million.
The company placed tranches of seven-year notes and 10-year notes both at 420 basis points spreads to Treasuries.
In addition Eneco priced 12-year notes at a 430 bps spread and 15-year notes at a 445 bps spread.
Barclays Capital served as the placement agent.
Eneco is viewed as an NAIC-1 issuer by the National Association of Insurance Commissioners.
| Issuer: | Eneco Holdings NV
|
| Amount: | $330 million, upsized from $150 million
|
| Security description: | Senior notes
|
| Placement agent: | Barclays Capital
|
| Call protection: | Non-callable
|
| NAIC rating: | 1
|
|
|
| Seven-year notes
|
| Spread: | 420 bps
|
|
|
| 10-year notes
|
| Spread: | 420 bps
|
|
|
| 12-year notes
|
| Spread: | 430 bps
|
|
|
| 15-year notes
|
| Spread: | 445 bps
|
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