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.

Under the EMTN programme, of which it has been part since 2013, Galp has already issued a total of €2.0 bn in debt.

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 1.000% 02.2023 PTGALLOM0004 15-11-2017 15-02-2023 EUR 500,000,000 1.000% Download
Galp 2.000% 01.2026 PTGALCOM0013 18-06-2020 15-01-2026 EUR 500,000,000 2.000% Download

Acquisition and disposal of own securities

On the General Shareholders Meeting held on 23 April 2021, the proposal regarding the acquisition and disposal of treasury shares and own bonds or other own debt securities by the Company or by its affiliates was approved in the following terms:

  • The Board of Directors may decide on the acquisition and disposal of treasury shares and own bonds within 18 months from the date of the decision on the general shareholders meeting;
  • The number of treasury shares to be acquired must not exceed 10% of the Company’s share capital at any time;
  • The number of own bonds to be acquired must not exceed the total number of bonds of each issue made, if the purchase is intended for the total or partial amortization of the bonds purchased or, alternatively,  10% of the total nominal amount of the entirety of the bonds issued, less the sales made, if the purchase is intended for other purposes;
  •  The moment on which the treasury shares or own 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 treasury shares or own 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 Company, 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 treasury shares and own bonds, please view below the proposal submitted on the General Shareholders Meeting.