Santos US bonds
Sept 12 (LNGJ) - Santos, the operator of the Gladstone LNG plant in Queensland and the Darwin facility in the Northern Territory as well as being a significant shareholder in Papua New Guinea LNG, has successfully conducted a debt offering and priced a US$850 million senior unsecured fixed rate bond transaction in US dollars. The bonds have been priced at a fixed coupon of 6.875 percent for a period of 10 years, maturing in September 2033.
“This demonstrates continuing strong support from the capital markets and ensures our balance sheet is well positioned to deliver on our strategy,” said Santos Chief Executive Kevin Gallagher. The settlement of the bonds was expected to occur in New York on September 19 and was subject to customary closing conditions.
