June 8, 2021
Frontera Energy, a Canadian company with oil and gas assets in Colombia, Ecuador, and Guyana, said it plans to issue new bonds to fund the buyback of $350 million in 9.7% 2023 notes.
In the buyback, the Toronto-listed company offered to pay $1,048.50 for every $1,000 in principal until the early-bird deadline on June 18. After that, it said it would pay $1,018.50 until the final deadline on July 2.
Frontera has hired Citi, Credit Suisse and Itaú BBA as bookrunners on the bond sale and dealer man
Canadian oil and gas company plans a new issue to repurchase $350 mln in 2023 bonds