{"id":33334,"date":"2023-01-23T18:51:49","date_gmt":"2023-01-23T17:51:49","guid":{"rendered":"https:\/\/www.naturgy.com\/renta-fija\/"},"modified":"2024-12-11T09:21:53","modified_gmt":"2024-12-11T08:21:53","slug":"fixed-income","status":"publish","type":"page","link":"https:\/\/www.naturgy.com\/en\/shareholders-and-investors\/investors\/fixed-income\/","title":{"rendered":"Fixed income"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"33334\" class=\"elementor elementor-33334 elementor-13385\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7421308a e-flex e-con-boxed e-con e-parent\" data-id=\"7421308a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-378afde e-con-full e-flex e-con e-child\" data-id=\"378afde\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69904d04 elementor-widget elementor-widget-shortcode\" data-id=\"69904d04\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76665d90 elementor-widget elementor-widget-heading\" data-id=\"76665d90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Fixed income<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-76d140dd e-con-full e-flex e-con e-parent\" data-id=\"76d140dd\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b5f4198 elementor-widget elementor-widget-spacer\" data-id=\"1b5f4198\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-364edcf e-flex e-con-boxed e-con e-child\" data-id=\"364edcf\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cfa20c3 elementor-widget elementor-widget-text-editor\" data-id=\"cfa20c3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Naturgy Energy Group, S.A. obtained its first rating in February 1999. In October that same year, it formalised its first EMTN &#8211; Euro Medium Term Notes Programme. This programme enables Naturgy to issue bonds in the European market, with a public or private format and variable terms.<\/p><p>In March 2001, Naturgy increased its presence in the European capitals markets with an ECP -Euro Commercial Paper- programme, with short-term bonds worth 1 billion.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc30f87 elementor-widget elementor-widget-spacer\" data-id=\"bc30f87\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c2f9ac8 grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"2c2f9ac8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3cf0267 e-con-full e-flex e-con e-child\" data-id=\"3cf0267\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-395e63d1 elementor-widget elementor-widget-heading\" data-id=\"395e63d1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Euro Medium Term Notes Programme (EMTN)<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13818a28 elementor-widget elementor-widget-text-editor\" data-id=\"13818a28\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The EMTN programme is listed on the Luxembourg Stock Exchange with Naturgy Finance Iberia S.A as issuer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7403bcd9 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"7403bcd9\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.naturgy.com\/en\/shareholders-and-investors\/investors\/fixed-income\/euro-medium-term-notes-programme-emtn\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7a96330d e-con-full e-flex e-con e-child\" data-id=\"7a96330d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d9ce758 elementor-widget elementor-widget-heading\" data-id=\"5d9ce758\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Euro Commercial Paper Programme (ECP)<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15848862 elementor-widget elementor-widget-text-editor\" data-id=\"15848862\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The ECP program is listed on Euronext Dublin with Naturgy Finance Iberia S.A as issuer.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4323c0d4 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"4323c0d4\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.naturgy.com\/en\/shareholders-and-investors\/investors\/fixed-income\/euro-commercial-paper-programme-ecp\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-168a5d0a e-con-full e-flex e-con e-child\" data-id=\"168a5d0a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5353d7ee elementor-widget elementor-widget-heading\" data-id=\"5353d7ee\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Undated subordinated securities<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a123b89 elementor-widget elementor-widget-text-editor\" data-id=\"5a123b89\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Naturgy Finance Iberia S.A (&#8220;the Issuer&#8221;), subsidiary of Naturgy Energy Group, S.A., has issued the following undated subordinated securities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-360cd2dc elementor-align-left elementor-widget elementor-widget-button\" data-id=\"360cd2dc\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.naturgy.com\/en\/undated-subordinated-securities\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4956807b e-flex e-con-boxed e-con e-parent\" data-id=\"4956807b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1125eb0c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1125eb0c\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c91e19 grid col-3 e-flex e-con-boxed e-con e-parent\" data-id=\"5c91e19\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-cdfc22f e-con-full elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-child\" data-id=\"cdfc22f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4bd8c81 elementor-widget elementor-widget-heading\" data-id=\"4bd8c81\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Naturgy Capital Markets S.A.<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6c9367 elementor-widget elementor-widget-text-editor\" data-id=\"b6c9367\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>NCM was incorporated for the purposes of obtaining funding for the Naturgy Energy Group. The aim of the NCM is to raise funds through the issue of debt financial instruments, including straight and subordinated debt.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-652f114 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"652f114\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.naturgy.com\/en\/shareholders-and-investors\/investors\/fixed-income\/naturgy-capital-markets-s-a-2\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-76752de e-con-full e-flex e-con e-child\" data-id=\"76752de\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7e188af elementor-widget elementor-widget-heading\" data-id=\"7e188af\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Naturgy Finance Iberia S.A<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-096c058 elementor-widget elementor-widget-text-editor\" data-id=\"096c058\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>NFI was incorporated to make it possible to obtain financing for the Naturgy Group. In order to fulfill this purpose, NFI is authorised to raise funds through the issuing of financial instruments including ordinary and subordinated debt.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04d5071 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"04d5071\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.naturgy.com\/en\/shareholders-and-investors\/investors\/fixed-income\/naturgy-finance-iberia-s-a\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-153675f e-con-full e-flex e-con e-child\" data-id=\"153675f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b1fffa elementor-widget elementor-widget-heading\" data-id=\"3b1fffa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Preferred securities 2005<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2de52b8 elementor-widget elementor-widget-text-editor\" data-id=\"2de52b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This section contains the main terms and conditions of the issuance.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f58a713 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"f58a713\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.naturgy.com\/en\/shareholders-and-investors\/investors\/fixed-income\/preferred-securities-2005\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find out more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5d1a4d5 e-flex e-con-boxed e-con e-parent\" data-id=\"5d1a4d5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3a9af1f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3a9af1f\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Naturgy Energy Group, S.A. obtained its first rating in February 1999. In October that same year, it formalised its first EMTN &#8211; Euro Medium Term Notes Programme. This programme enables Naturgy to issue bonds in the European market, with a public or private format and variable terms. In March 2001, Naturgy increased its presence in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":45088,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-33334","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/pages\/33334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/comments?post=33334"}],"version-history":[{"count":30,"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/pages\/33334\/revisions"}],"predecessor-version":[{"id":113058,"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/pages\/33334\/revisions\/113058"}],"up":[{"embeddable":true,"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/pages\/45088"}],"wp:attachment":[{"href":"https:\/\/www.naturgy.com\/en\/wp-json\/wp\/v2\/media?parent=33334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}