Pacific Rubiales Lures Buyers for 2016

Pacific Rubiales Lures Buyers for 2016

Colombia

Canada-based oil and gas company Pacific Rubiales, which operates in Colombia, is preparing to sell $400m in 2016 bonds. The plans follow reverse inquiry on a “non-deal” roadshow in late September, bankers on the deal say, and the bond is expected to price Thursday. The new notes amortize equally in years 5, 6 and 7, for an average life of approximately 6 years. BofA-Merrill Lynch and Citi are managing the sale, rated BB minus/B+ and guaranteed by Rubiales Holding and various subsidiaries. Rubia

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