The main characteristics of the transaction:
Amount: EUR 1 Billion
Maturity: July 28, 2014
Coupon: 6.75% p.a.
Issue price: 99.835%
Spread: 5-year euro midswap + 395 bps
The transaction attracted significant demand (more than 190 investors). The huge oversubscription enabled the Issuer to price the bond through the original price guidance.
The proceeds will be used for general financing purposes.