• 27 Jan 2015

The issue has a 2025 maturity and bears an annual coupon of 1.25%, with an issue price of 99.08. The issue, which falls within the Guaranteed Euro Medium Note (EMTN) programme, was closed in under two hours with final demand for over €6,000 million, more than 10 times the amount offered, Enagás said in a statement. A portion of the bonds will be swapped for a portion of bonds from the €750 million issue with coupon payment of 4.25% and maturity in 2017. Following the issue, 66% of the company’s debt has been secured from the capital markets, while 32% comes from long-term borrowing from public bodies (European Investment Bank and Spain’s National Credit Institute (ICO)), and 2% from bank borrowing, Enagás added. Source: LNG World News