NGC Plans Return to Market

Trinidad and Tobago’s National Gas Company (NGC) is planning a return to the international markets, Daniel Sankar, vice president of finance and information management at NGC, tells LatinFinance. A $195m issue with a 15-year average life is expected to hit the market at the start of the third quarter. Sankar says he favors bond financing over the bank market and is mulling a reopening of a bond issued last year through Citi and Lehman. No mandate has yet been awarded.