CGC to sell bonds for gas projects

CGC to sell bonds for gas projects

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

Argentine oil and natural gas producer Compañía General de Combustibles (CGC) said Thursday it will seek to raise up to $140 million in dollar-linked bonds in the local market to finance investment projects and pay down debt. CGC will offer two bonds at auction on Friday, beginning at $80 million and increasing the amount based on demand, according to a securities filing. On offer are a three-year bond and a seven-year bond, the company said. The dollar-linked bonds, which are bought and paid ba

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