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9/9/2016 | Other

GGND issues EUR 600,000,000 7-year Notes

Galp Energia, SGPS, S.A. (Galp) informs that Galp Gás Natural Distribuição, S.A. (GGND) has set today the terms of the issuance of Euro Medium Term Notes (EMTN) totalling EUR 600,000,000 with maturity in September 2023. The Notes, issued under GGND’s EMTN programme, have a coupon of 1.375% and are expected to be listed on the London Stock Exchange.

Galp Energia, SGPS, S.A. (Galp) informs that Galp Gás Natural Distribuição, S.A. (GGND) has set today the terms of the issuance of Euro Medium Term Notes (EMTN) totalling EUR 600,000,000 with maturity in September 2023. The Notes, issued under GGND’s EMTN programme, have a coupon of 1.375% and are expected to be listed on the London Stock Exchange.

This transaction follows the announcement of the partnership established in July 2016 with a Marubeni-led consortium. GGND will use the proceeds of the Notes to reimburse Galp of the existing €568 m shareholder loan.

Source: Galp Energia, SGPS, S.A.

GGND issues EUR 600,000,000 7-year Notes PDF 377 KB GGND issues EUR 600,000,000 7-year Notes

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