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HER Hera Spa

3.448
0.01 (0.29%)
Last Updated: 12:53:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hera Spa BIT:HER Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.01 0.29% 3.448 3.446 3.45 3.462 3.414 3.42 777,745 12:53:00

Hera Sells New Bonds, CDS Market Widens Slightly

26/09/2013 5:16pm

Dow Jones News


Hera (BIT:HER)
Historical Stock Chart


From Jul 2019 to Jul 2024

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Italian utility Hera SpA (HER.MI) Thursday sold new eight-year bonds amid slightly weaker corporate default protection costs.

CDS:

Markit iTraxx Europe index: 1.5 basis points wider at 99.5 bps

Markit iTraxx Crossover index: 6 bps wider at 395 bps

NEW ISSUES

Issuer: Hera

Amount: EUR500 million

Maturity: Oct. 4, 2021

Coupon: 3.25%

Issue Price: 99.398

Payment Date: Oct. 4, 2013

Spread: 150 basis points over midswaps

Debt Ratings: Baa1 (Moody's), BBB (Standard & Poor's)

Denominations: EUR100,000

Listing: Luxembourg

COMING UP:

Rentokil Initial (RTO.LN) and Origin Energy (ORG.AU) are expected to issue bonds Friday, according to Societe Generale strategist Suki Mann.

Write to Art Patnaude at art.patnaude@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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