Iberdrola Sets Guidance On 2018 Euro Bond At Swaps +2.50 Area
March 27 2012 - 7:13AM
Dow Jones News
Spanish utility Iberdrola (IBDRY) sets price guidance on its
benchmark-size, euro-denominated bond, maturing October 2018, one
of the banks running the deal said Tuesday.
Initial guidance is in the area of 250 basis points over
midswaps.
Barclays PLC, Banca IMI, Banesto, CaixaBank, HSBC Holdings PLC,
Morgan Stanley and Royal Bank of Scotland Group PLC are the lead
managers of the sale.
The issuer is rated A3 by Moody's Investors Service Inc., and A-
by Standard & Poor's Corp.
-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287;
ben.edwards@dowjones.com
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