January 15, 2020 |
Chilean oil and gas company Geopark issued $350 million in cross-border bonds on Tuesday, raising money to pay for the acquisition of Amerisur Resources in Colombia, according to sources familiar with the terms of the deal.
With Citi and Itaú BBA as bookrunners, Geopark priced the 5.625% 2027 bonds at 99.285 to yield 5.5%, according to sources. The company is scheduled to settle the new notes on January 17.
The order book is understood to have reached $2.2 billion, one source said.
Chilean oil and gas company prints $350 mln in seven-year notes to pay off a short-term loan from Citi and Itaú