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Argentina – TGS lands bond deal
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Transportadora de Gas del Sur (TGS), Argentina's largest gas transport company, has successfully sold a US$500 million 10-year non-call five 7.75% senior unsecured note at 98.301 to yield 8%. The bond deal, rated B2 by Moody's, saw books peak at US$1.3 billion and close at US$1 billion. Barclays, Citigroup, Deutsche Bank, JP Morgan, and Balanz acted as joint bookrunners. TGS recently secured a contract to extend the Perito Moreno trunk gas pipeline from the Vaca Muerta shale play.
Source: Reuters The copyright of this article belongs to the original author/organization.
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