Vista finds strong demand for local notes

Vista finds strong demand for local notes

Bonds Debt Fixed Income Argentina Mexico Latin America Capital Markets

Vista Oil & Gas, the fifth-largest oil producer in Argentina, raised $30 million in an oversubscribed local market auction with the sale of new 1.5-year notes in pesos and three-year notes in US dollars, according to a securities filing. Vista received nearly $1.3 billion in bids for the notes, allowing it to sell the $30 million maximum on offer, the company said in the filing on Thursday. The 1.5-year notes pay Badlar, a local reference rate now at 29.25%, plus 137 basis points, Vista said

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