CGC lines up bond deal

CGC lines up bond deal

Bonds Debt Fixed Income Corporate & Sovereign Strategy Latin America South America Argentina Energy Gas Oil

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

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