Home / Daily Briefs / 2023 / 25 / Vista cuts debt costs in swap

Vista cuts debt costs in swap

Vista cuts debt costs in swap

May 25, 2023 | Charles Newbery
Argentina's third-largest oil producer exchanges $41 mln of 4.25% 2024 bonds for existing 0% 2026 notes, both dollar-linked

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Argentina Gas Oil

Vista Energy, the third biggest oil producer in Argentina, said it swapped $40.8 million worth of existing 4.25% US dollar-linked 2024 bonds in the local market for 2026 notes that pay no interest. The Mexico City-based company said the deal increased the outstanding amount of the June 2026 bonds to $63.5 million. The company had sought to swap all of the $43.6 million in outstanding 2024s, but fell short by a small amount, according to a securities filing on Tuesday. Dollar-linked bonds are bou

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial