PAE maxes out local bond deal

PAE maxes out local bond deal

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

Pan American Energy (PAE), the second largest oil producer and third for natural gas in Argentina, maxed out a sale of two dollar-linked bonds to snare $280 million in the local market, a deal that could encourage other issuers to follow suit as the international market remains difficult to access. PAE, a joint venture between BP and Argentina's Bridas, received orders for $304 million in the sale on Wednesday, far more than the $65 minimum it had set out to raise, the company said in a securiti

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