Frontera offers new notes for buyback

Frontera offers new notes for buyback

Bonds Debt Fixed Income Capital Markets Energy Oil Gas Pipelines Canada Colombia Ecuador Guyana

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

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