September 23, 2022 |
Oleoductos del Valle (OldelVal), one of the biggest oil pipeline operators in Argentina, has been authorized to sell up to $500 million in bonds in its debut in the local market to finance a pipeline expansion project.
Argentine securities commission CNV said OldelVal could sell a series of bonds without providing further details in a statement late on Wednesday.
The proceeds will go toward financing a $750 million project to double its pipeline capacity over the next two years, the CNV said.
Argentine oil company wants to raise $500 mln to finance a pipeline project