September 12, 2018 |
Holders of Petrotrin's 2019 bonds remain in limbo, with several sources saying the Caribbean oil company will not entertain calls or meetings from investors.
The Trinidad & Tobago-headquartered firm is also understood to be meeting with a workers union this week in response to Petrotrin closing its refining operations at Pointe-a-Pierre.
Petrotrin's has $850m in outstanding 2019s and the bonds dipped to as low as 93 in secondary trading last Friday, while on Tuesday, the same securities had
Bondholders remain in limbo over the future of the oil company's securities after the 2019s drop to about 18% in yield, sources