7/7/2014 | Debt and interest

Issuance of EUR 500,000,000 Euro Medium Term Notes maturing in 2021

Galp Energia informs that it has set today the terms of the issuance of Euro Medium Term Notes (EMTN) totalling EUR 500,000,000, with a maturity of 6.5 years (January 2021). The notes were placed with a coupon of 3.0%, and are expected to be listed on the London Stock Exchange.

Galp Energia informs that it has set today the terms of the issuance of Euro Medium Term Notes (EMTN) totalling EUR 500,000,000, with a maturity of 6.5 years (January 2021). The notes were placed with a coupon of 3.0%, and are expected to be listed on the London Stock Exchange.

This was the second debt issuance under Galp Energia’s EUR 5,000,000,000 EMTN programme, announced in November 2013.
The EMTN programme is part of Galp Energia’s funding strategy, which envisages the diversification of its funding sources and the extension of the average maturity of the Company’s debt.
BofA Merrill Lynch, ING, Millennium BCP, Santander and Société Générale acted as joint-book runners.

Source: Galp Energia, SGPS, S.A.

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