June 3, 2021 |
Argentine oil and natural gas producer Compañía General de Combustibles (CGC) said Wednesday that it will seek to raise up to $50 million in a three-part bond sale in the local market, a deal it has structured to allow investors to swap maturing bonds for the new notes.
The company plans to issue at least $20 million in the deal, according to a securities filing.
The offer is for a one-year bond in Argentine pesos that pays a margin over Badlar, a local reference rate now at 34.13%, a two-year b
Argentine oil producer seeks to raise up to $50 mln and swap maturing notes