Gas Ban To Issue $65 Million Negotiable Bonds

Argentine natural gas distributor Gas Natural Ban, the local subsidiary of Spain’s Gas Natural, is to issue up to $65 million of negotiable bonds (ONs). The company is also authorized to issue up to $162 million worth of global debt. Gas Natural Ban is Argentina’s second-largest gas distributor by number of users. The company posted net losses of $2.6 million for the first quarter of this year, a 75.5% improvement on the same period last year.