Chicago, June 8 – SPP-Distribucia AS sold €500 million of 1% notes due June 9, 2031 (Baa2//B-) at 99.613, according to a prospectus.
Interest will be paid annually.
The notes have a make-whole call at Bund plus 20 bps until March 9, 2031 and then a par call.
Commerzbank AG, ING Bank BV, Erste Group Bank AG and Societe Generale are the joint lead managers for the Regulation S notes.
Proceeds will be used to redeem the €500 million of 2 5/8% notes due 2021.
The natural gas pipeline company is based in Bratislava, Slovakia.
| Issuer: | SPP-Distribucia AS
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| Issue: | Notes
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| Amount: | €500 million
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| Maturity: | June 9, 2031
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| Bookrunners: | Commerzbank AG, ING Bank BV, Erste Group Bank AG and Societe Generale
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| Coupon: | 1%
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| Price: | 99.613
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| Call features: | Make-whole call at Bund plus 20 bps until March 9, 2031, then par call
|
| Trade date: | June 8
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| Settlement date: | June 9
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| Ratings: | Moody’s: Baa2
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| Fitch: A-
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| Distribution: | Regulation S
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