Italian utility Enel SpA (ENEL.MI) set final price guidance on its euro-denominated, two-part bond, one of the banks managing the sale said Monday.

For the 2015 maturity, final price guidance is 290 basis points over midswaps, tighter than the 300 basis points area initially released.

Likewise for the 2018 maturity, final guidance is 350 basis points over midswaps against an initial guidance of 360 basis points area.

Order books reached EUR5 billion per tranche, one of the banks said.

Barclays Plc, BNP Paribas SA, Deutsche Bank AG, Intesa Sanpaolo Spa, BBVA, Banco Santander SA and UniCredit SpA are lead managers on the transaction, which is expected to price later Monday.

The issuer is rated A3 by Moody's Investors Services Inc. and A- by both Standard & Poor's Corp. and Fitch Ratings.

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more BBVA Bilbao Vizcaya Arge... Charts.
BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more BBVA Bilbao Vizcaya Arge... Charts.