TGP Sells Domestic Bonds

Transportadora de Gas del Peru sold up to $150m in 15-year bonds on the local market. TGP sold $100m of bonds priced at 100.0 with floating rate of 3.375% over 3-month Libor. Total demand for this tranche was $235m. It also sold another tranche of $50m priced at 100.0 with a fixed rate of 7.25%. Total demand was $50.9m. Proceeds from the sale, rated AAA on a national scale, will help fund expansion and upgrade to TGP’s natural gas and liquid natural gas network. BCP is managing the sale, the first from a $400m shelf.