QGOG Talks Price

QGOG Talks Price

Brazil Bonds

Queiroz Galvao Oleo e Gas (QGOG) is heard aiming for a yield in the neighborhood of UST+500bp for a 7-year bond, according to investors. The Brazilian oil services provider was scheduled to complete a roadshow Monday. HSBC, BAML and Citi are managing. The debt is to be raised at the QGOG Constelation unit, and rated BB+/BB minus. QGOG has tapped the project bond market, raising a $700m 7-year drillship securitization priced to yield 5.45% last year, through Citi, HSBC and Santander. It was one o

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