CTE €2.92 billion bond issue

Overview:

• CTE has issued €2.92 billion in its first bond issue.
• The issue consisted of three tranches: €500 million 0.875% bonds due 2024, €1.2 billion 1.5% bonds due 2028 and €1.22 billion 2.19% bonds due 2032.
• Barclays Bank, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Mizuho International and UniCredit Bank were joint lead managers on the deal.
• The proceeds will be used to repay bridge loans and for priority dividends to the shareholders of the issuer.

Katrin Kostadinova - Data analyst