June 7, 2022 |
Compañía General de Combustibles (CGC), the fifth-biggest oil producer and seventh for natural gas in Argentina, said Monday that it maxed out a two-part bond sale, picking up $140 million to finance projects to boost gas output in Patagonia and pay down debt.
CGC began the offer $80 million for the dollar-linked bonds, which are bought and paid back in pesos at the official wholesale exchange rate. But after orders came in for $181 million, it increased the sale to the maximum, according to a s
Argentine oil producer picks up $140 mln for gas drilling in Patagonia