June 14, 2021 |
Vista Oil & Gas, the third-biggest oil producer in Argentina, said its board of directors has approved plans to sell up to $95 million in bonds to take advantage of favorable conditions in the local market.
The company will seek at least $30 million in the issue of one or more series of bonds, according to a securities filing late on Thursday. The issue would be made out of a $800 million program, the company added.
In the filing, Vista CFO Pablo Vera Pinto said the proceeds will be used for
Argentina's third-largest oil and gas company looks to take advantage of favorable conditions to raise up to $95 mln in the local market