ENGGY Enagas SA (PK)

Spanish electricity and gas grid operator Enagas SA (ENG.MC) has priced a EUR500 million five-year bond with the following terms, one of the lead managers said Thursday.

Barclays PLC, BBVA SA, Caixa, Deutsche Bank AG, JP Morgan Chase & Co., Mediobanca and Societe Generale SA are the lead managers on the deal.

 
Issuer:           Enagas Financiaciones SAU 
Amount:           EUR500 million 
Maturity:         Oct. 5, 2017 
Coupon:           4.25% 
Issue Price:      99.801 
Payment Date:     Oct. 5, 2012 
Spread:           335 basis points over midswaps 
Debt Ratings:     A-  (Moody's) 
                  A- (Standard & Poor's) 
                  A- (Fitch) 
Listing:          Luxembourg 
 

Write to Carol Dean at carol.dean@dowjones.com