Home / Daily Briefs / 2021 / 30 / Vista to tap local bond market for drilling project

Vista to tap local bond market for drilling project

Vista to tap local bond market for drilling project

June 30, 2021 | Charles Newbery
Argentine oil and gas company will also dip into cash reserves for a $250 mln shale oil project with Trafigura, source says

Corporate & Sovereign Strategy Bonds Debt Fixed Income Latin America South America Argentina Switzerland Capital Markets Energy Oil

Vista Oil & Gas, the third-biggest oil producer in Argentina, will turn to the local bond market and dip into its cash reserves to finance a new $250 million drilling project with the commodities trader Trafigura, a source close to the company said Tuesday. "The company will continue financing projects with its own resources and with debt in the local market," the source told LatinFinance on the condition of not being named. "This is the same that it has been doing until now." On Monday, Vis

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