Chicago, Jan. 11 – Elia Transmission Belgium SA/NV priced €500 million of 3.625% green bonds due 2033 (BBB+) on Wednesday, according to a source.
The bonds priced at 99.711 to yield 3.66%, or at mid-swaps plus 85 basis points.
Price talk started in the mid-swaps plus 125 bps area.
The size was set before pricing.
The bonds will be callable with a Bunds plus 25 bps make-whole premium until three months before the maturity date. During the final three months, the notes will be callable at par.
The joint bookrunners are Belfius, BNP Paribas, ING and NatWest Markets.
ING is the green structuring adviser.
The final book size was around €2.6 billion.
Proceeds will be allocated for new or existing green projects.
The bonds will be listed in Luxembourg.
The issuer is a Belgian regulated transmission operator for high-voltage electricity.
| Issuer: | Elia Transmission Belgium SA/NV
|
| Amount: | €500 million
|
| Issue: | Green bonds
|
| Maturity: | Jan. 18, 2033
|
| Bookrunners: | Belfius, BNP Paribas, ING and NatWest Markets
|
| Green adviser: | ING
|
| Coupon: | 3.625%
|
| Price: | 99.711
|
| Yield: | 3.66%
|
| Spread: | Mid-swaps plus 85 bps
|
| Call features: | Make-whole call at Bunds plus 25 bps until three months before maturity; thereafter at par
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 18
|
| Ratings: | S&P: BBB+
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 125 bps area
|
| ISIN: | BE6340849569
|
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