Pampa Energia advances convertible bond plans

Pampa Energia advances convertible bond plans

Argentina Equity Bonds

Pampa Energia has advanced plans on a convertible bond sale, picking Bank of America Merrill Lynch, Citi and JPMorgan to lead the potential debt-to-equity trade. The Argentine energy company will issue the securities with a fixed coupon, but then convert it to shares, sources have said. Pampa has filed initial documentation ahead of a deal. The company’s ADSs were spotted at $64.95 on June 19, but dipped to as low as $54.33 during yesterday’s trading. Last month, Pampa held off issuing a pote

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