Rubiales Builds Book

Rubiales Builds Book

Colombia Bonds Canada

Pacific Rubiales was heard with more than $4bn demand ahead of today’s scheduled pricing for a benchmark-size 2023 NC5 bond. Ratings reports expect a deal for up to $1bn. The E&P operator has emerged with official guidance of 5.375%-area following earlier mid-5% yield initial price thoughts. The new 2023 is expected to be comped against Rubiales’ 2021 bonds, which were trading to yield around 5.25% Thursday. Proceeds from the Ba2/BB+/BB+ transaction will be partially used to pay $358m in revolvi

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