Oncor Electric Delivery to issue benchmark EUR senior secured notes

Published 11/06/2025, 09:02
 Oncor Electric Delivery to issue benchmark EUR senior secured notes

LONDON - Oncor Electric Delivery Company LLC plans to issue benchmark Euro-denominated 9-year senior secured notes, according to a pre-stabilization notice issued Wednesday.

J.P. Morgan Securities plc will serve as the stabilization coordinator, with Barclays (LON:BARC), BNP Paribas (OTC:BNPQY), and Credit Agricole (OTC:CRARY) CIB acting as stabilization managers for the offering.

The notes will be issued in denominations of EUR 100,000, with the offer price yet to be determined. The securities will be listed on the Dublin Stock Exchange.

The stabilization period is expected to begin June 11, 2025, and end no later than July 11, 2025. During this period, stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price.

The securities will be offered through a 144A/Regulation S format, indicating availability to both U.S. qualified institutional buyers and non-U.S. investors. The notes will not be registered under the U.S. Securities Act of 1933 and will not be offered to the general public in the United States.

The offering is directed at qualified investors in European Economic Area member states and at persons outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional investment experience or are high net worth individuals.

This information was provided in a press release statement from J.P. Morgan Securities plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.