Italian utility Hera SpA (HER.MI) Thursday sold new eight-year
bonds amid slightly weaker corporate default protection costs.
CDS:
Markit iTraxx Europe index: 1.5 basis points wider at 99.5
bps
Markit iTraxx Crossover index: 6 bps wider at 395 bps
NEW ISSUES
Issuer: Hera
Amount: EUR500 million
Maturity: Oct. 4, 2021
Coupon: 3.25%
Issue Price: 99.398
Payment Date: Oct. 4, 2013
Spread: 150 basis points over midswaps
Debt Ratings: Baa1 (Moody's), BBB (Standard & Poor's)
Denominations: EUR100,000
Listing: Luxembourg
COMING UP:
Rentokil Initial (RTO.LN) and Origin Energy (ORG.AU) are
expected to issue bonds Friday, according to Societe Generale
strategist Suki Mann.
Write to Art Patnaude at art.patnaude@wsj.com
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