May 9, 2022 |
Argentine oil producer Roch said it has launched an offer to issue up to $24 million in new bonds in exchange for existing notes in default, four months after emerging from bankruptcy protection.
The Buenos Aires-based company will offer up to $20 million in dollar-denominated bonds paying 6.5% interest and a peso-denominated note paying 120 basis points over Badlar, a local reference rate now at 44.44%.
The new notes, both of which will mature in June 2027, will be swapped for $13.2 million in
Argentine oil producer looks to exchange notes in default for up to $24 mln in new bonds