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OldelVal lines up debut bonds

OldelVal lines up debut bonds

March 23, 2023 | Charles Newbery
Argentine oil company to issue up to $150 mln to finance a pipeline project

Bonds Debt Fixed Income Capital Markets Argentina Oil Pipelines

Oleoductos del Valle (OldelVal), one of the biggest oil pipeline operators in Argentina, plans to make its debut bond sale with an up to $150 million deal, the company said late on Tuesday. The company said its shareholders approved the plan at a meeting, adding that the sale will be out of a $500 million bond program created late last year, according to a securities filing. The bonds can be sold in the local or international markets, OldelVal added. In October last year, OldelVal CEO Ricardo Hö

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