TGI Heard Mandating Ahead of Call Date

Transportadora de Gas Internacional (TGI) is heard awarding a mandate to two banks for an international bond transaction. An official announcement has yet to be made, but Citi is thought to be a top contender. TGI is heard looking to refinance its existing 9.50% $750m bonds due 2017, which are callable on October 3 2102 at 104.75.