Preferred securities 2003
The amortisation will be carried out on the day of payment of the dividend, 22 February 2016, in cash and pursuant to the provisions of section 2.11 of the Full Information prospectus verified by the CNMV.
|Issuer||Unión Fenosa Financial Services USA, LLC|
|Guarantor||Naturgy Energy Group, S.A.|
|Amount||€500 million, may be increased up to €750 million (*)
Nominal Value: €25 for each preferred security
Cash Value: €25 for each preferred security
Minimum Price: €1,000 (40 preferred securities)
|Dividends||During the first 10 years:
- Euribor 3 months + 0.250% A.E.R.
- Minimum 4.25 A.E.R. (4.184% nominal annual rate) and maximum 7% A.E.R. (6.823% nominal annual rate)
From year 10:
- Euribor 3 months + 4% A.E.R. (3.941% nominal annual rate).
They will be paid quarterly in arrears, on 20 February, 20 May, 20 August and 20 November of each year. The first dividend payment date will be 20 August 2003. The dividends are variable and not cumulative.
|Conversion||The Issuer may either fully or partially redeem the preferred securities issued early, from 20 May 2013.|