• The issue, demand for which was in excess of 2.4 billion euros, will serve to optimise the company's financial structure, increase its already ample liquidity and increase the capital market weight in its funding sources.
  • 97% of the issue was subscribed to by foreign investors

Today GAS NATURAL FENOSA closed a bond issue worth 1 billion euros that will mature in January 2027. The issue set an annual dividend of 1.375%. The issue price of the new bonds is 98.591% of their face value.

The issue, launched this morning in the Euro Medium Term Notes (EMTN) programme, was oversubscribed by 2.4 times and received orders from some 216 institutional investors in 31 countries. About 97% of the issue was subscribed to by foreign investors.

The funds received in this operation, whose disbursement is scheduled for 19 January, will serve to optimise the company's financial structure, increase the capital market weight, lengthen the life of the debt and improve the maturities profile. All this will enable the company's already ample liquidity to be increased.

Barcelona, 11 January 2017.

Gas Natural Sdg SA published this content on 11 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2017 18:10:06 UTC.

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