Construction News

05/09/2012

ESB Successfully Price A €600m Bond

Ireland's electricity utility, ESB, has successfully priced a €600m bond with a 5 year maturity, at a rate of 6.25%.

Investors in the bond are mainly European institutional investors.

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The bond issue will support ESB in funding its ongoing capital investment programme. The proceeds from the bond issue will also be used to refinance some of the group’s existing debt. It supports ESB's liquidity position and demonstrates the group's continued financial strength.

(CD)

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