April 9, 2021 |
Pan American Energy (PAE), the second largest oil producer in Argentina, said it raised $69.6 million in a three-part bond sale in the local market, a deal that attracted enough demand for the company to surpass the $48 million minimum offer.
The company, a joint venture between BP and Argentina's Bridas, sold a new one-year note denominated in pesos and a new two-year note in inflation-linked UVAs and also reopened a four-year bond in dollars that it issues in September.
PAE priced ARS2.5 billi
Argentine oil producer adds $21 mln to 2024 notes and prints $48.6 mln in new bonds