Bord Gáis ‘pleased’ with €550m bond

BORD GÁIS has successfully raised €550m through a corporate bond issue which it said was significantly over-subscribed.

The funds will be used to invest in the infrastructure development projects and to re-finance other debt obligations as they fall due.

Chief executive John Mullins said: “Bord Gáis is very pleased with the outcome of this round of fundraising. This funding allows us to progress with our ambitious growth strategy, which currently has a number of significant investment projects underway.