Energa 10Y €300 mln bond issue to yield 2.250%

WSE-listed utility Energa will issue 10 year bonds worth €300 million at 2.25 percent yield, with a 2.125 percent annual coupon, the firm said in a market filing. Interest in the issue four times exceeded the value of the issue, with 130 investors submitting their bids. As many as 90 percent of the issue will be directed to investment funds, insurers and pension funds. The proceeds from the issue will be used for general corporate purposes, including the realization of the 2016-2025 strategy, the filing read.