Swedish utility Vattenfall plans to tap the bond market later this week with a EUR500 million ($441 million) offering of seven-year notes. Fraser Ross, a syndicate manager at Deutsche Bank, one of the two joint-lead arrangers of the deal, says price talk is in the 85-90 basis point range over mid swaps. He adds Deutsche Bank and co-lead ABN AMRO hope to launch and price the deal by Thursday. Robert Hellstadius, treasurer at Vattenfall in Stockholm, did not return calls.
March 19, 2002