May 17, 2019 |
Gran Tierra Energy has postponed a $300m bond sale until early next week to give investors more time to go over the numbers, LatinFinance has heard.
"We are finalizing price guidance and waiting for investor answers," said a banker on the deal. "Many investors are looking at this credit for the first time. During meetings in New York, there were at least 20 new investors."
The banker said Gran Tierra's bonds are trading well, despite wider concerns in the market about US-China trade relations.
Canadian oil company puts off $300m deal until next week