Debt issuance

Information on the Euro Medium Term Notes programme.

Galp launched a programme for the issuance of Euro Medium Term Notes (EMTN). This programme constitutes an important milestone towards enabling the issuance of debt in the capital markets.

Download the documents related with the EMTN programme, including the relevant Offering Circular and information regarding issuances.

Debt issuance under the EMTN programme

Issue ISIN Issue Date Maturity Amount Coupon Final Terms
Galp 4.125% 01.2019 PTGALIOE0009 25-11-2013 25-01-2019 EUR 500,000,000 4.125% Download
Galp 3.000% 01.2021 PTGALJOE0008 14-07-2014 14-01-2021 EUR 500,000,000 3.000% Download
Galp 1.000% 02.2023 PTGALLOM0004 15-11-2017 15-02-2023 EUR 500,000,000 1.000% Download

Acquisition and disposal of own bonds

On the General Shareholders Meeting held on 12 May 2017, the proposal regarding the acquisition and disposal of own bonds was approved, meaning that Galp’s Board of Directors may decide on the acquisition and disposal of own bonds, based on the following terms, as per the proposal:

  • The Board of Directors may decide on the acquisition and disposal of own bonds within 18 months from the date of the decision on the general shareholders meeting;
  • When the purchase is intended for the total or partial amortisation of the bonds purchased, the maximum number of bonds to be acquired will be the total number of bonds of each issue made; when the purchase is intended for other purposes, up to the limit corresponding to 10% of the total nominal amount of the entirety of the bonds issued;
  • The moment on which the bonds shall be acquired will be determined by the Board of Directors, taking into account the market situation, the specific objectives, at any time, of the acquisition and the conveniences and obligations of the Company, which may be on one or more occasions, in the proportions determined by the Board of Directors;
  • The moment on which the bonds shall be disposed will also be determined by the Board of Directors, taking into account the market situation, the specific objectives of the disposal, and the conveniences and obligations of the Group, which may be on one or more occasions, in proportions to be determined by the Board of Directors.

For detailed information regarding the acquisition and disposal of own bonds, please view below the proposal approved on the General Shareholders Meeting, whose version prevails.