December 5, 2018 |
Trinidadian energy company looks to make its debut dollar-denominated deal to raise money for a gas-to-liquids plant
NiQuan Energy from Trinidad and Tobago has gone on the road to pitch its first dollar-denominated bond deal, LatinFinance has heard.
The energy company has hired Oppenheimer and Republic Bank to take it to meetings with investors in the United States, Europe and the Caribbean from December 4 to December 13. Fitch Ratings is expected to give the bonds a BB rating.
NiQuan will use the money raised to finish construction and start production at a gas-to-liquids plant in Pointe-à-Pierre. The TTD800m ($119m) plant is about 90% complete. NiQuan acquired the plant after the initial project went into receivership.