Petrominerales Drops on Convert Sale
Shares in Petrominerales dropped over 5% Tuesday after the Colombia-based Toronto-listed oil producer said it will sell $550m in convertible notes, $250m more than first expected. The 2016 bonds will be issued on or about August 25 at par with a 2.625% coupon and convertible into Petrominerales shares at a premium of...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.