GEK Terna SA (GEKTER)

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GEK Terna SA (GEKTER)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	LNCH	GEKTER	GEK Terna SA	€500		1	EMEA	Oct 19, 2026

Tranche #1GEK Terna SA

currency

EUR

size (m)

500.000

maturity

Nov 2, 2033

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa3

s&p

BBB-

fitch

size description

Will Not Grow

re-open/tap

ipt

MS+165-170

ipt-pxd

-27.5

guidance

STL

spread

140

coupon

spread set

price

yield

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

Registration: Reg S Only; Comments: MWC: Yes. CoC: Yes. Clean-Up Call: 80%. LEI: 2138003TO2MTRHWVP686;

Use of Proceeds

The net proceeds of the issue of the Notes will be used for general corporate purposes

Relative Value

7yr (Oct 2033) @ MS+165-170

Implied Spread for fresh 7yr @ MS+120
Priced at MS+140
NIC of +20

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	LAUNCHED: GEK TERNA €500m 7yr Sr Unsec; MS+140bp	08:52 AM ET
	UPDATE (BOOKS): GEK TERNA €500m (WNG) 7yr Sr Unsec; MS+165/170bp	06:14 AM ET
	NEW ISSUE: GEK TERNA €500m (WNG) 7yr Sr Unsec; MS+165/170bp	04:47 AM ET
	MANDATE: GEK TERNA Inv Calls; Reg S €500m WNG 7yr Sr Unsec Offering May Follow	Oct 19, 2026

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GEK Terna SA (GEKTER)

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