Santos prices $1bn bond

23rd April 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia


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PERTH ( – Oil and gas major Santos has priced a $1-billion ten-year bond in the US dollar market.

The bonds have been priced at a fixed coupon of 3.649% for a period of ten years, and will mature in April 2031, with the company saying on Friday that the bond will extend its weighted average term to maturity on its debt facilities to more than five years, while lowering the weighted average cost of debt.

“This is an excellent result for Santos’ debut 144A issuance, showing strong support from the capital markets, and ensures our balance sheet is well positioned to support our disciplined growth strategy,” said MD and CEO Kevin Gallagher on Friday.

“Santos’ disciplined operating model is focused on maintaining a strong balance sheet and generating free cash flow through improvements in productivity and maintaining discipline in capital expenditure through the cycle.”


Edited by Creamer Media Reporter


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