Wednesday December 3, 10:46 AM
Portugal's REN plans 5-yr euro benchmark bond -IFR
LONDON, Dec 3 (Reuters) - Portuguese power grid operator REN (Lisbon: RENE.LS - news) is selling a five-year euro benchmark bond,
IFR reported on Wednesday.
Guidance has been set at at mid-swaps plus around 325 basis points, said IFR, a Thomson Reuters (TRI.TO - news) publication.
Barclays (LSE: BARC.L - news) , CaixaBI, Citigroup (NYSE: C - news) and Santander (Madrid: SAN.MC - news) have been named to manage the deal, IFR said.
The company's chief executive told Reuters last week that REN planned to make a debut international issue of medium-term notes worth at least 500 million euros ($634 million) in the near future.
REN is rated A+ by Standard & Poor's and A2 by Moody's Investors Service.
(Reporting by Jane Baird) ($1=.7887 Euro) Keywords: REN/BOND
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