REN Redes Energeticas Nacionais : issue of 300 million euros of European Medium Term Notes
January 11, 2018 at 01:54 pm EST
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Unofficial Translation
This is an unofficial translation of the press release made below and it has been prepared for information purposes only. In the case of any discrepancy between this translation and the Portuguese version, the Portuguese version will prevail.
ANNOUNCEMENT
REN ISSUES 300 MILLION EUROS OF EUROPEAN MEDIUM TERM NOTES
Pursuant to and for the purposes of article 17 of Regulation (EU) number 596/2014 of the European Parliament and of the Council of 16 April 2014, of article 248 of the Portuguese Securities Code and other applicable regulation, REN - Redes Energéticas Nacionais, S.G.P.S., S.A. ("REN") hereby informs the market and the general public that:
On the date hereof, REN Finance B.V. (a company wholly owned by REN) has agreed the terms of an issue of notes in the Euro Bonds market in an amount of 300 million euros, under the respective EMTN (European Medium Term Notes) programme from REN and REN Finance B.V., with a maturity of 10 years and an interest rate equal to 10 years' mid swap rate, accrued of 0.8%. As previously announced, the purpose of this bonds' issue is to repay the bridge loan used on the recent REN Portgás acquisition, the second biggest natural gas distribution company in Portugal.
Lisbon, January 11th 2018
REN - Redes Energéticas Nacionais, SGPS, S.A.
REN - REDES ENERGÉTICAS NACIONAIS, S.G.P.S., S.A.
Listed Company (Sociedade Aberta)
Share Capital: € 534,000,000
Commercial Registry Office of Lisbon: registry and tax sole number: 503 264 032
Head Office: Avenida Estados Unidos da América, no. 55
1749-061 Lisbon
REN - Redes Energéticas Nacionais SGPS SA published this content on 11 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 January 2018 18:54:05 UTC.
Original documenthttp://www.ren.pt/en-GB/investidores/comunicados_a_cmvm/ficheiros_en/rens_issue_of_300_million_euros_of_european_medium_term_notes
Public permalinkhttp://www.publicnow.com/view/42C4AF7382E54B1B441DB39EBF691E2C1CA9B072
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
