Requests exceeding 3,3 billion euros for the 500 million bond loan that Iren launched this morning with a 7-year maturity. This is what we learn from financial sources. The issue, managed by Banca IMI, Goldman Sachs, Mediobanca and UniCredit as lead banks, is part of the EMTN (Euro medium term notes) issuance program approved in early October by the multiutility's board of directors for a total amount of one billion euro. The opening of the books had been anticipated in recent days by a European roadshow which touched down in Paris, London, Frankfurt, Munich and Milan.
The bond yield is 232 basis points above the midswap rate. Initial guidance was set at 235 basis points (+/- 3 basis points) above midswap. The bond has a BBB rating issued by Fitch.
