August 7, 2020 |
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
Oil and gas company raises $30 mln in pesos and dollars, paying as low as 0% over currency depreciation