Enagás Financiaciones €1.35 billion bond exchange offer

Overview:

• Enagás Financiaciones has made an aggregate €1.35 billion bond exchange offer.
• The intermediated exchange offer consists of the tender offer by BNP Paribas to purchase the outstanding €750 million 4.25% guaranteed notes due 2017 issued by Enagás Financiaciones for cash, and the issue of €600 million 1.25% notes by Enagás Financiaciones guaranteed by Enagás.
• The joint dealer managers on the deal were BNP Paribas and Citigroup Global Markets.

Adam Majeed - Regional editor