Vier Gas Transport GmbH successfully issues €1bn dual-tranche

Logo Vier Gas

On 29 August 2019, Vier Gas Transport GmbH successfully placed a 10 year and a 15 year dual tranche, both with a size of €500m.

Based on an annual coupon of 0.125% and an issue price of 99.101%, the yield-to-maturity amounts to 0.216% p. a. for the 10 year tranche.

The 15 year tranche shows a coupon of 0.500% p.a., an issue price of 98.485% and a yield-to-maturity of 0.606% p. a.

The transaction was was well supported by high-quality oders and a solid oversubscription.

BNP Paribas and ING acted as Global Coordinators, complemented by Commerzbank, RBC and UniCredit as active bookrunners.

BayernLB, Credit Mutuel and Hessische Landesbank acted as passive bookrunners.