Santos lines up Quadrant acquisition funds

Santos lines up Quadrant acquisition funds
Image courtesy of Santos

Australian LNG player Santos has priced its $600 million bond transaction set to be partly used for funding the Quadrant Energy acquisition. 

Santos said on Thursday the bonds will be issued by Santos Finance Limited, a Santos unit, off the Company’s Euro Medium Term Note Programme (EMTN Programme).

The bonds have been priced at a fixed coupon of 5.25%, for a period of 10 years, maturing on 13 March 2029. The book was approximately five times oversubscribed and received strong support from a mix of global asset managers and insurance companies from Asia, Australia and Europe.

The use of proceeds from the bonds will include refinancing the US$500 million bridge facility used to part-fund the Quadrant Energy acquisition and general corporate purposes.

Settlement of the bonds is expected to occur on March 13, 2019, Santos said.

Share this article

Follow LNG World News

Posted on March 7, 2019 with tags .


<< Apr 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >