Pluspetrol Goes for Secured Funds

Pluspetrol Goes for Secured Funds


Pluspetrol’s Peru unit has launched syndication of a 4-year $100m facility offering Libor plus 425bp, say bankers away from the deal. Calyon is leading the facility, which has a 1-year grace period and is backed by sales from the Camisea project. Like other LatAm energy borrowers, Pluspetrol is making use of its assets to help raise funds. Pacific Rubiales in Colombia and BPZ in Peru are also heard close to finalizing loans backed by reserves. Pluspetrol Camisea, as the deal is called, has appar

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