Spain: Enagas Signs EUR 175 Million Loan with EIB

Enagas Signs EUR 175 Million Loan with EIB

Enagás said it has signed the final €175Mn tranche of the €1Bn loan taken out with the EIB in 2008 to finance its 2007-2011 Investment Plan.

The conditions of the tranche are optimal regarding both maturity and finance cost. The period for repayment is up to 15 years, with a highly competitive total fixed cost.

The transaction has been carried out directly between the EIB and Enagás, demonstrating the EIB’s confidence in the Company and impacting positively on finance costs,  Enagás said in a press release.

In June 2008, the EIB approved a €1Bn loan to be used in different tranches and in different formats. The European entity has now disbursed the full amount of the loan.

LNG World News Staff, March 2, 2012