June 30, 2022 |
Pan American Energy (PAE), the second-largest oil producer in Argentina, said Wednesday that it plans to issue new 7.25% 2025 bonds in exchange for notes that mature in November next year.
The company has offered swap as much as $120 million in 5% 2023 bonds for an equal amount in new notes until the deadline on July 15, it said in a press release. It added that it expects to distribute the 2025 bonds to investors on July 21.
Itaú BBA and Santander are the dealer managers on the bond swap, while
Argentina's second-largest oil producer offers 7.25% 2025 notes for $120 mln in 2023 bonds