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Article: Colombia: Pacific Rubiales to Sell $400 Million of Notes Abroad.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Pacific Rubiales Energy Corp., an oil producer operating in Colombia, plans to sell $400 million of seven-year notes in overseas markets, said a person familiar with the transaction.
The company hired Bank of America Corp. and Citigroup Inc. to arrange the offering, said the person, who declined to be identified because terms aren t set. Calls by Bloomberg News to Pacific Rubiales s offices in Toronto and Bogota seeking comment on the bond sale weren t immediately returned.
Latin American companies are tapping international markets as speculation the worst of the global recession is over boosts demand for higher-yielding assets ...