Source - RNS
RNS Number : 4301J
Merrill Lynch Intl (DTG) Syndicate
09 September 2016

09 September 2016


Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.


Galp Gas Natural Distribuição, SA

Pre-stabilisation Period Announcement


Merrill Lynch International (contact: Dharit Patel ; telephone: 0044 207 9953966) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).


The securities:



Galp Gas Natural Distribuição, SA

Guarantor (if any):


Aggregate nominal amount:

EUR  benchmark


EUR 7yr Senior, Unsecured, Dematerialised book-entry "bearer form"

Offer price:

IPTs MS+175 area

Other offer terms:




Stabilisation Manager(s):

Merrill Lynch International (Stabilisation Coordinator)


J.P. Morgan Securities plc


Banco Santander S.A.


Stabilisation period expected to start on:

09 September 2016

Stabilisation period expected to end no later than:

08 October 2016 (30 days after the proposed issue date of the securities)

Existence, maximum size and conditions of use of over-allotment facility:

The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law.

Stabilisation trading venue:

Over the counter (OTC)


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