PetroTal picks bookrunner for bond sale

PetroTal picks bookrunner for bond sale

Bonds Debt Capital Markets Energy Peru Andean Canada United States

Canadian oil and gas company PetroTal has hired Norway's Pareto Securities to arrange the sale of $100 million worth of three-year bonds, it said in a press release on Tuesday. PetroTal will start making calls to investors on Thursday as it looks to raise money to pay off the $16.6 million in debt that it owes to the state-owned oil company Petroperú and to finance the development of the Bretaña oil field in northern Peru. It will also use part of the proceeds for its hedging program and for pos

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