Enagás has completed the issue of 600 million euros in bonds maturing in 2034 and with an annual coupon rate of 3.625%. The issue has had a demand 5 times the amount offered, which shows the positive reception the company has received in the capital markets.
Although the company has no relevant maturities until the end of the year, it has taken advantage of the good market conditions at the start of the year to carry out this issue, extending the average maturity of its debt and thus covering part of the upcoming maturities.
The success of the placement, with respect to its redemption term and coupon, underpins the good financial position of the company, which avails of a range of sources of finance. Following this operation and the planned cancellation of debt, 68% of the debt will come from the capital market, 9% from long-term institutional financing (EIB and ICO), 14% from bank financing and 9% from financial leases.