Gas Natural preparing for Eu4bn refi

March 10, 2010 12:00 am

Spanish utility Gas Natural is looking to refinance part of its Eu19bn acquisition facility with a jumbo, dual tranche Eu4bn loan. The self-arranged loan comprises a Eu1bn three year piece with a margin of 95bp and a Eu3bn five year tranche paying 120bp, and will repay part of the loan used for the takeover of Unión Fenosa in 2008. For more on this deal and what else is in the market, read EuroWeek this Friday.

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