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Allen & Overy advises the joint lead managers on a new EUR500 million bond issue by CTE

Published Date
Feb 12 2024
Allen & Overy has advised the banking syndicate, including Barclays and Natixis as Global Coordinators and Joint Lead Managers, in connection with a new senior bond issue by CTE (Coentreprise de Transport d'Electricité), for a total nominal amount of EUR500m, with a maturity of 12 years and a fixed coupon of 3.750%.

CTE is a holding company which holds 100% of the share capital of RTE (Réseau de Transport d’Electricité), the operator of the French electrical power transmission network.

The net proceeds of this issue will be used for CTE's general corporate purposes, including the refinancing of its EUR500m bonds due September 2024 issued in 2017.

The banking syndicate comprised Barclays and Natixis as Global Coordinators and Joint Lead Managers and BNP Paribas, Crédit Agricole CIB and ING as Joint Lead Managers.

The Allen & Overy team was led from Paris by Julien Sébastien (partner), assisted by Lorraine Miramond (senior associate) and Emilie Ferré (associate) on international capital markets aspects.

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This content was originally published by Allen & Overy before the A&O Shearman merger

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