Pan American seeks long-term financing in local market

Pan American seeks long-term financing in local market

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

Pan American Energy (PAE), the second largest oil producer and third for natural gas in Argentina, said late Monday that it plans to raise up to $280 million for a gas production project through the sale of two notes in the local market with longer terms than most other issues over the past year. PAE, a joint venture between BP and Argentina's Bridas, will hold an auction on Wednesday for two dollar-linked bonds for a combined minimum of $65 million, and will increase the amount depending on dem

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