Earlier today, GAS NATURAL FENOSA closed a bond issue worth 800 million euros that will mature in May 2025. The issue set an annual dividend of 0.875%. The issue price of the new bonds is 99.77% of their face value.
The issue, launched this morning under the Euro Medium Term Notes (EMTN) programme, was oversubscribed by almost 2 times and received orders from around 130 institutional investors in 19 countries.
The funds received in this operation, whose disbursement is scheduled for 15 November, will serve to optimise the company’s financial structure, increase the capital market weight, diversify the investor base with a focus on sustainability, lengthen the average debt lifetime and improve the maturities profile. All this will enable the company’s already ample liquidity to be increased.