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PacRu Tops $336m in Tender

Dec 20, 2011

Creditors holding $336.4m of $450m in outstanding Pacific Rubiales 8.75% 2016 bonds have agreed to exchange them for newly issued 7.25% NC5...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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