Transportadora de Gas del Sur SA (MEX:TGS)
MXN 245.5 0 (0%) Market Cap: 36.96 Bil Enterprise Value: 35.13 Bil PE Ratio: 34.84 PB Ratio: 2.20 GF Score: 61/100

Q2 2019 Transportadora de Gas del Sur SA Earnings Call Transcript

Aug 08, 2019 / 02:00PM GMT
Release Date Price: MXN266.28
Operator

Greetings, and welcome to the Transportadora de Gas Del Sur Second Quarter 2019 Earnings Call. (Operators Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Alejandro Basso, Chief Financial Officer. Thank you, Mr. Basso. You may begin.

Alejandro Mario Basso
Transportadora de Gas del Sur S.A. - CFO & VP of Administration, Finance & Services

Thank you. Good morning, everyone, and thank you for joining us today on this conference call to discuss the second quarter earnings and highlights for Transportadora de Gas del Sur.

To begin, I would like to talk about relevant corporate events that have occurred since the last call. First, the Board of Directors convened a shareholders' meeting to increase the maximum amount of the outstanding global program for the issuance of debt from $700 million to $1.2 billion. This will allow us to be ready to issue new debt. As a reminder, under this global program, we issued a bond for $500 million in May of last year. So this increase will allow

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