GeoPark Drills Into Bond Market
Feb 5, 2013
Sound issuing conditions appeared to prevail in the bond market to start the week, with GeoPark Latin America generating $2bn in orders for a $300m sale that marked its first 144a transaction. The 2020 NC4 priced at 99.332 with a 7.500% coupon, to yield 7.625%, tight to 7.625%-7.750% guidance revised from 7.750%-8.000%. The bonds were trading up 1 point in the grey late Monday, according to...
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