Tauron to offer €500 mln in bonds at 163 bps above mid-swaps

WSE-listed utility Tauron has set the terms for its €500 million eurobonds issue, priced at 164 bps above mid-swaps and with 2.375 percent coupon rate, the company said in a market filing. The bonds will mature in 10 years. The proceeds from the issue will be used to cover the company's expenses. Tauron hopes to sell the bonds on the London Stock Exchange.