November 19, 2020 |
Pan American Energy, the second largest oil producer in Argentina, said Wednesday that it sold $50 million in five-year US dollar-linked bonds, paying more than previously expected in interest.
The company, a joint venture between BP and Argentina's Bridas, had offered the new note and reopened a three-year note that it had sold at the start of September at 0% over currency depreciation.
However, all of the bids went for the new notes, which priced at 4.75% over the deprecation of the wholesale
Argentine oil producer sells $50 mln worth of dollar-linked bonds at 4.75% over currency depreciation