IFLR1000

Promigas / Gases del Pacífico $400 million 3.75% bond issue

16/10/2019
Investment grade bond/note issue, Bond/note programme
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$ 400 million

Announced

16/10/2019

Overview:

  • Colombian natural gas conglomerate Promigas and its Peruvian subsidiary Gases del Pacífico issued a total of $400 million in bonds under a Rule144A/Regulation S offering.
  • The bonds have a coupon of 3.75% and are due 2029.
  • Promigas is the only vertically integrated natural gas company allowed to operate in the gas transportation and distribution sectors in Colombia.

Chynna Lewis – Researcher

Jurisdictions:

United States
Colombia
Peru
New York

Deal types:

Investment grade bond/note issue
Bond/note programme

Practice area:

Capital markets : Debt

Industry sector:

Oil and gas

Firms:
Davis Polk & Wardwell

Party: JP Morgan (Initial purchaser)

Party: Citigroup (Initial purchaser)

Lawyers: Maurice Blanco, Maurice Blanco

Gómez-Pinzón

Party: Promigas (Issuer)

Lawyer: Ricardo Fandiño de La Calle

Miranda & Amado

Party: Gases del Pacífico (Issuer)

Philippi Prietocarrizosa Ferrero DU & Uría

Party: JP Morgan (Initial purchaser)

Party: Citigroup (Initial purchaser)

Lawyer: Hernando Padilla

White & Case

Party: Gases del Pacífico (Issuer)

Party: Promigas (Issuer)

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