U.K. energy firm BG Group Plc Friday confirmed it has secured funding of $3 billion in three tranches of bonds issued in the U.S. across five-, ten- and 30-year terms, in what is the company’s largest ever unsecured debt sale.
BG Group said the money will be used to support its planned capital expenditure program, adding that the successful sale was an endorsement by investors of its future strategy.
“The issue was strongly supported by investors demonstrating confidence in the group’s outlook and growth plans, especially in the current market conditions,” said BG Group.
According to Dealogic, the senior unsecured debt sale is the largest among high grade issuers in the U.S. since Intel Corp.’s (INTC) $5 billion deal Sept. 14.
