TGP Goes for Size

TGP Goes for Size

Peru Bonds

Transportadora de Gas del Peru (TGP) is aiming for a debut $850m bond issue with a 10 or 15-year tenor, according to rating agencies. Moody’s gives the bond an expected Baa2 rating, while Fitch assigns BBB to the senior unsecured deal. “TGP's ratings reflect the company's stable and predictable cash flow generation characteristic of gas transportation companies, its solid financial profile and strong competitive position,” says Fitch. The Peruvian natural gas and liquid natural gas pipeline oper

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