October 23, 2020 |
Transportadora de Gas del Norte (TGN), the second-largest natural gas pipeline operator in Argentina, has signed a two-year, $55 million loan from the Nassau branch of Itaú Unibanco at a rate of 1.75% per year, according to a securities filing on Wednesday.
The loan comes after TGN set up a global bond program in June for a maximum of $600 million to finance investments, working capital and debt refinancing. It also comes as prospects for the gas business are brightening after the government lau
Natural gas pipeline company borrows $55 mln from Itaú after setting up a bond program