March 8, 2019 |
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.
State-owned company has not informed bankers of its intention to sell up to another $600m in dollar-denominated notes