Galp Energia informs that it fixed today the terms for the emission of Euro Medium Term Notes (EMTN) totalling EUR 500,000,000, which have final maturity in January 2019 and a coupon of 4.125%.
These notes, issued under the EUR 5,000,000,000 EMTN programme announced on November 04, are expected to be admitted to official listing on the London Stock Exchange.
This issuance is in accordance with Galp Energia’s funding strategy, which envisages the diversification of funding sources and the extension of its debt average maturity.
The institutions acting as joint-book runners were BBVA, BNP Paribas, Caixa Banco de Investimento, Deutsche Bank and J.P. Morgan.
Source: Galp Energia, SGPS, S.A.