Preferred securities 2003
Unión Fenosa Financial Services USA, LLC announces the complete amortisation of the perpetual preferred securities, issued on 20 May 2003 and listed in the AIAF Fixed Income Market (SEND system) with code ISIN USU90716AA64 to the CNMV via Official Notice, of 12 January 2016, attached hereto.
The amortisation will be carried out on the day of payment of the dividend, 22 February 2016, in cash and pursuant to the provisions of section 2.11 of the Full Information prospectus verified by the CNMV.
Document
In April 2013, Unión Fenosa Financial Services USA, LLC made an offer to buy the preferred securities issued on 20 May 2003.
| Issuer | Unión Fenosa Financial Services USA, LLC |
|---|---|
| Guarantor | Naturgy Energy Group, S.A. |
| Amount | €500 million, may be increased up to €750 million (*) Nominal Value: €25 for each preferred security Cash Value: €25 for each preferred security Minimum Price: €1,000 (40 preferred securities) |
| Dividends | During the first 10 years: - Euribor 3 months + 0.250% A.E.R. - Minimum 4.25 A.E.R. (4.184% nominal annual rate) and maximum 7% A.E.R. (6.823% nominal annual rate) From year 10: - Euribor 3 months + 4% A.E.R. (3.941% nominal annual rate). They will be paid quarterly in arrears, on 20 February, 20 May, 20 August and 20 November of each year. The first dividend payment date will be 20 August 2003. The dividends are variable and not cumulative. |
| Conversion | The Issuer may either fully or partially redeem the preferred securities issued early, from 20 May 2013. |