Transportadora de Gas Internacional S.A. E.S.P.#s Proposed $750 Million Senior Unsecured Notes Rated #BBB-#

Stocks and Financial Services Press Releases Tuesday April 17, 2018 12:10
MEXICO CITY--17 Apr--S&P Global Ratings

MEXICO CITY (S&P Global Ratings) April 16, 2018--S&P Global Ratings assigned today its 'BBB-' debt rating to Colombia-based natural gas transportation company Transportadora de Gas Internacional S.A. E.S.P.'s (TGI; BBB-/Stable/--) proposed $750 million senior unsecured bullet notes due up to 10 years. The company will use the proceeds from the notes to repurchase its callable $750 million outstanding notes that mature in 2022.

TGI's 'BBB-' corporate credit rating reflects the company's status as a core subsidiary of its parent, Grupo Energia Bogota S.A. E.S.P. (formerly known as Empresa de Energia de Bogota S. A. E. S. P.; EEB; BBB-/Stable/--). This reflects our view that TGI is integral to the group's current and future strategy. In addition, because there are no meaningful regulatory mechanisms or other structural barriers that restrict EEB's access to TGI's assets and cash flow, we align our corporate credit rating on TGI with that on the parent.

Latest Press Release

mai welcomes real estate developer CMC on November 19

Market for Alternative Investment (mai) will list Chaoprayamahanakorn pcl, a leading real estate developer onNovember 19, under the ticker symbol "CMC". The company has a market capitalization at its initial public offering (IPO) of THB 3.00 billion...

KTC - Chilito Mexican Grill - Farm Factory provide members special privileges for payments made using QR Pay in the KTC Mobile app.

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, provides KTC VISA and KTC MasterCard credit card members who make payments through KTC QR Pay in the "KTC Mobile" app worth Bt. 300 or more...

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Photo Release: CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018...

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB is one of the first banks to leverage blockchain technology to tap into region's USD120 billion remittance business CIMB Group ("CIMB" or "the Group") and Ripple have entered into a strategic collaboration to enable instant cross border payments...

Related Topics