Tauron sells €500 mln in 10Y bonds

WSE-listed power utility Tauron closed the sale of it €500 million10Y eurobonds, priced at 163 bps above mid-swaps, the company said in a market filing. The bonds have been purchased by over 30 investors, with nearly half of them from the UK, German investors took 14 percent, while domestic ones acquired 11 percent. As reported, 83 percent of the issue was acquired by asset managers, 12 percent by insurers and pension funds, while the remainder of the offer was purchased by banks. The proceeds from the issue will be used to cover the company's expenses. Tauron has filed a motion to float the bonds on the London Stock Exchange, the filing reads.