Pan American maxes out bond sale

Pan American maxes out bond sale

Bonds Debt Fixed Income Gas Oil Capital Markets Argentina

Pan American Energy (PAE), the second-largest oil producer in Argentina, said late Tuesday it sold ARS10 billion ($75.5 million) in two series of Argentine peso-denominated bonds in the local market, maxing out the deal on strong demand. PAE, a joint venture between British oil and gas company BP and Argentina's Bridas, sold ARS5 billion in a six-month note paying Badlar, a local reference rate now at 56.5%, and the same amount in a two-year bond paying the same reference rate plus 200 basis poi

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