nortegas<\/span> Energ\u00eda Distribuci\u00f3n successfully launched an inaugural \u20ac1.3bn dual-tranche bond transaction. The deal was structured in two tranches: a \u20ac550m 5-year bond and a \u20ac750m 10-year bond, in what was the largest inaugural bond debut by a Spanish issuer since 1999. The company, as well as the bonds, are rated BBB- (Stable Outlook) by Standard & Poor\u2019s.<\/p>\n Demand from investors was oversubscribed by more than four times, a testament to the quality of the company and the stability and transparency of the regulatory environment it operates in.<\/p>\n nortegas<\/span> is the 2nd largest gas distribution company in Spain and was acquired by a consortium comprising Institutional Investors advised by J.P. Morgan Asset Management, Swiss Life Asset Managers, a GCC sovereign wealth fund and Covalis Capital, through a vehicle structured by White Summit Capital and Covalis Capital, from EDP in July of this year.<\/p>\n The proceeds will be used to assure a stable and long term financial structure for the group.<\/p>\n <\/p><\/div>\n<\/article>\n \t\t\t\t\t\t\t\t<\/p><\/div>\n<\/div>\n<\/div>\n<\/section>\n <\/p>\n","protected":false},"excerpt":{"rendered":" NORTEGAS successfully closes inaugural \u20ac1.3bn dual-tranche deal nortegas Energ\u00eda Distribuci\u00f3n successfully launched an inaugural \u20ac1.3bn dual-tranche bond transaction. The deal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3768,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/pagina-template.php","meta":{"_acf_changed":false,"footnotes":""},"yst_prominent_words":[58,53,48,62,59,66,65,52,60,67,57,49,106,64,54,2353,50,55,61,56],"class_list":["post-4969","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/pages\/4969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/comments?post=4969"}],"version-history":[{"count":2,"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/pages\/4969\/revisions"}],"predecessor-version":[{"id":5349,"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/pages\/4969\/revisions\/5349"}],"up":[{"embeddable":true,"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/pages\/3768"}],"wp:attachment":[{"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/media?parent=4969"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.nortegas.es\/eu\/wp-json\/wp\/v2\/yst_prominent_words?post=4969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNORTEGAS successfully closes inaugural \u20ac1.3bn dual-tranche deal <\/h1>\n<\/div>\n