May 21, 2024 08:23 GMT
Madrilena Red de Gas (BBB-): Consent Solicitation
UTILITIES
• The company is seeking to replace the existing guarantor with its parent company, with some other related changes. This is to comply with regulatory developments.
• Appears to be credit neutral. 25c consent fee applies.
• http://www.mrdgfinance.nl/docs/LUXSE_Launch.pdf
• MRDGF 2.25 29 quoted 7bp tighter; 25s are unchanged according to Bloomberg but should see greater impact there given the short duration.
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