TGP Talks Price, Builds Demand

TGP Talks Price, Builds Demand

Peru Bonds

Investors have placed $1.3bn in orders for a 15-year amortizing bond from Transportadora de Gas del Peru (TGP), expected to price as soon as today, according to people familiar with the sale. The Baa2/ BBB Peruvian natural gas and liquid natural gas pipeline operator has issued mid-4% initial price thoughts for its first international bond. TGP is aiming for a debut $850m size, according to rating agencies. Calidda’s 2023 bond (Baa3/BBB), trading at 4.20-4.25% Monday, should serve as a pricing r

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