tgs Receives Latin Finance Award for Its 2024 Corporate Bond
The energy company received the “Deals of the Year 2024” award from Latin Finance, which recognizes outstanding transactions in Latin America and the Caribbean.
tgs was honored with the High Yield Corporate Bond of the Year award for the bond issued in July 2024. The company successfully issued an international bond for USD 490 million, with a financial cost of 8.75% (8.5% coupon) and a 7-year term, maturing in 2031. The issuance received offers totaling up to USD 1.7 billion.
“This recognition is very important for everyone at tgs and for both local and international investors. It reaffirms that the financial strategy we planned will allow us to continue growing and investing in Argentina’s energy development,” said Oscar Sardi, CEO of tgs.
“Deals of the Year” celebrates excellence in the region’s capital markets through an expert editorial team. The evaluation process considers multiple factors, including pricing, complexity, innovation, size, execution, and the strategic importance of the transaction.
About tgs
tgs is a leading energy company in our country. Through five business lines, it provides integrated services across the entire natural gas value chain.
It is the main natural gas transportation company in our country. Through more than 9,300 km of gas pipelines spanning seven provinces, it transports natural gas from the southern and western fields of our country to urban consumption centers.
Throughout its 32-year history, tgs has developed and evolved as a company offering integrated services for the natural gas industry, expanding into new businesses:
- Processing and commercialization of natural gas liquids.
- Midstream operations in Vaca Muerta.
- Telecommunications.
- Services in third-party assets.
