May 6, 2022 |
Trinidad and Tobago state-owned oil and gas company Heritage Petroleum went to the international market on Thursday with the sale of $500 million in seven-year bonds to pay down debt, a source involved in the deal told LatinFinance.
The new 2029 bonds priced at 99.929 to yield 9% after the initial price talk opened around the same rate, the source said.
Credit Suisse was the global coordinator and Scotiabank a joint bookrunner on the Rule 144A/Reg S bond deal, while First Citizens Bank and JMMB
Trini state-owned oil company issues $500 mln in seven-year notes to cover the buyback of 2026 bonds