Roch lines up bond swap

Roch lines up bond swap

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Gas Oil Coronavirus Argentina

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

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