April 29, 2022 |
Trinidad & Tobago state-owned oil and gas company Heritage Petroleum could issue up to $700 million worth of 11-year bonds in the international market next week and take out a seven-year loan for $380 million to pay down debt, a source involved in the deal told LatinFinance.
The company began calling investors on Wednesday, looking to price the new 2033 bonds on May 5. It has hired Credit Suisse and Scotiabank as joint bookrunners on the Rule 144A/Reg S bond deal, the source said.
Trini state-owned oil and gas company plans to issue up to $700 mln in 2033 bonds and take a seven-year loan for $380 mln, source says