Engie sells notes for TAG deal

Engie sells notes for TAG deal

Debenture Debt Capital Markets Corporate & Sovereign Strategy M&A Fixed Income Project & Infrastructure Finance Energy Electricity Gas Rule 476 Brazil Europe Canada

Aliança Transportadora de Gás Participações, a division of the French power utility company Engie, has issued BRL14bn ($3.63bn) in debentures to fund part of the acquisition of the TAG natural gas pipeline in Brazil. Engie and the Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) signed a contract last month to buy 90% of TAG from the state-owned energy company Petrobras for BRL31.6bn. Engie holds an indirect stake of 29.3% in TAG through its stake in Aliança. Petrobras holds o

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial