Cometa, EP Infrastructure price as other energy names eye deals; Barclays Africa trades

By Rebecca Melvin

New York, April 19 – A flurry of companies tied to the energy sector stepped up to price new issues in the emerging markets space on Thursday.

Cometa Energia SA de CV priced $860 million of notes due 2035 at par to yield 6 3/8%.

A transmission and distribution company serving mostly the Slovak and Czech Republics, EP Infrastructure, priced €750 million of 1.659% six-year notes at par to yield mid-swaps plus 110 basis points on Thursday.

Meanwhile, Transportadora de Gas Internacional SA continued to roadshow an offering of 10-year notes (/BBB/). The deal for the Colombia-based natural gas distribution company was talked at more than $500 million in size.

And Transportadora de Gas del Sur SA of Buenos Aires, another natural gas player, was expected to price its five-, seven- or 10-year notes (/B+/) next week.

Elsewhere, Barclays Africa Group Ltd.’s new 6¼% tier 2 notes due 2028 were quoted at 99.7 bid 100 offered, during the London session after the issuer, whose main operating group is Absa Bank Ltd., priced $400 million of the subordinated notes at par. The notes are non-callable for five years.

Pricing came tight to guidance of 6 3/8% to 6½%, which was tightened from initial talk at 6 5/8%.

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