Power company E.ON (EONGY) has released price guidance on its forthcoming, two-part, euro-denominated bond, one of the lead managers on the deal said Wednesday.
The five-year portion of the deal will price in the region of 75-80 basis points over mid-swaps, while the 12-year portion will price in the region of 110-115 basis points over mid-swaps.
Calyon, Commerzbank AG and Unicredit have been hired to lead the deal, which is expected to price later Wednesday, subject to market conditions.
Details of size are expected to follow.