As part of its Euro Medium Term Note (EMTN) Programme, registered at the Luxembourg Stock Exchange for a maximum of €2,000 million, Enagás has made a €500 million bond issue on the Euromarket.
This issue of 5-year bonds bears an annual coupon of 4.25% and a price of 99,801%.
Final demand for the issue, which was completed in one hour, was around €4,200 million and it was eight times oversubscribed. This is a clear indication that the company is well received in the capital markets.
The success of this issue also demonstrates the company’s sound financial situation given its various financing sources.
LNG World News Staff, September 21, 2012