
15
Jan
2021
Nortegas completes a bond issue of €550 million [at 10 years and with an interest rate of 0.905%]
This issue will be used to refinance the bonds maturing in 2022 and shore up the implementation of Nortegas’s strategic plan, focused on maximising growth in its customer base and developing energy solutions to contribute to decarbonisation and sustainability.
Nortegas, the second natural gas distributor nationwide, has opened the 2021 debt market by successfully completing a bond issue of €550 million, which will allow the company to refinance the existing bonds maturing in 2022.
The bonds, issued for 10 years and accruing a coupon of 0.905%, are rated BBB- (stable outlook) by Standard & Poor’s.
The success of the issue will allow Nortegas to focus on the implementation of its strategic plan, based on its commitment to decarbonisation and sustainability. To this end, Nortegas has been working on different projects that position it as a key player in the energy transition.