By Aleesia Forni
Columbus, Ohio, March 26 - Esti Energia AS (Baa1/BBB+/) priced a €300 million issue of 4¼% notes due Oct. 2, 2018 at mid-swaps plus 248 basis points, according to a company news release.
The notes priced at 99.163 to yield 4.405%.
Deutsche Bank AG, London Branch, and Nordea Bank Finland plc acted as joint bookrunners.
The Tallinn, Estonia-based company is engaged in the production of energy and shale oil, as well as the sale of electric and thermal power.
| Issuer: | Esti Energia AS
|
| Amount: | €300 million
|
| Maturity: | Oct. 2, 2018
|
| Securities: | Notes
|
| Bookrunners: | Deutsche Bank AG, London Branch, Nordea Bank Finland plc
|
| Coupon: | 4¼%
|
| Price: | 99.163
|
| Yield: | 4.405%
|
| Spread: | Mid-swaps plus 248 bps
|
| Trade date: | March 26
|
| Settlement date: | April 2
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
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