Petroperú's plans puzzle bond market

Petroperú's plans puzzle bond market

Corporate & Sovereign Strategy Bonds Capital Markets Debt Energy Peru

Bond bankers have reacted with surprise to reports that Petroperú could issue $600m in new notes to finance renovations to the Talara refinery. "They issued a $2bn bond and said that was enough to finance Talara, so I don't think they are going to do another bond," a banker in New York told LatinFinance. The state-owned oil company issued $2bn in 15- and 30-year bonds in June 2017 after receiving some $10bn in orders. It also signed a 10-year, $1.3bn loan for the refinery in December last year. 

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