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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
UTIL
PRCD
STATNE
Statnett SF€750
1EMEA
Jun 16, 2026
currency
EUR
size (m)
750.000
maturity
Mar 20, 2035
type
Fixed
tenor
8.750
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
A+
fitch
-
size description
-
re-open/tap
No
ipt
MS+95-100
ipt-pxd
-32.5
guidance
n/a - straight to launch
spread
65
coupon
3.50%
spread set
-
price
99.38300
yield
3.585%
book size (m)
1,250
peak book (m)
1,600
x-covered
1.67
book attrition
-21.88%
nic
5
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,250
peak book (m)
1,600
x-covered
1.67
book attrition
-21.88%
nic
5
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1250; Registration: Reg S Only; Comments: DBR 2.5 02/35 (TWIN) @ 97.1 / B+70.3 (99% HR). MWC: B+10. CoC: 100%. Tax Call: Yes. Clean-Up Call: 80%. LEI: 5967007LIEEXZXHAI017;
Deal Comments
UPDATE: Spread set at MS+65#
Use of Proceeds
To finance/refinance Eligible Projects meeting the Eligibility Criteria set out in Statnett’s Green Bond Framework 2024
Relative Value

Green
8.75yr (20 March 2035) @ MS+95 to +100

Implied Spread for fresh 8.75yr @ MS+60

Priced at MS+65
NIC of +5


COMPS

Statnett Secondary Curve:

Ticker

Rating (M/S/F)

Coupon

Maturity

Tenor

Size

I-Sprd

Label

STATNE

-/A+/-

3.5

Jun-33

7.0y

500m

56

Green

STATNE

-/A+/-

3.375

Feb-36

9.7y

500m

64

Green

STATNE

-/A+/-

3.5

Jun-37

11.0y

500m

62

Green

STATNE

-/A+/-

3.625

Oct-38

12.3y

500m

81

Green

Nordic Utilities:

Ticker

Rating (M/S/F)

Coupon

Maturity

Tenor

Size

I-Sprd

Label

FINPOW

-/A+/A+

3.25

Mar-34

7.8y

500m

58

Green

ALLRNV

A1/-/-

3

Oct-34

8.3y

750m

58

Green

ALLRNV

A1/-/-

3.75

Apr-36

9.9y

500m

70

Green

ENEXIS

A1/NR/AA

3.625

Jun-34

8.0y

500m

66

Green

AVINOR

A1/-/-

3.5

May-34

8.0y

500m

68

 

STATK

-/A-/BBB+

3.5

Jun-33

7.0y

500m

64

Green