Enagás completes issue of €500 million, 12-year bonds

27 October 2020

•This issue has achieved the lowest interest rate by a Spanish corporate for 10 years or more

Enagás has completed the issue of €500 million in bonds maturing in 2032 with an annual coupon of 0.375%. The company, which did not have significant maturities until 2022, has taken advantage of favourable market conditions to finance itself at a historically low rate and bring forward its refinancing.

This transaction has been closed with the lowest interest rate achieved by a Spanish corporate for a period of 10 years or more. It also represents the lowest interest rate achieved by a utility for an issue in euros for that period.

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