Colombia’s Pacific to tap investors for debt swap

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Colombia’s Pacific to tap investors for debt swap

Oliver West
September 23, 2014 05:15 am
Colombian oil
COLOMBIA Industry Oil Exploration Guavio 1 1959 the first wildcat exploration oil rig on the edge of the Llanos in foothills of Cordillera Oriental. Texaco drillers found oil and this well was forerunner to large oil discoveries in 1980s | Press Association Images

Colombo-Canadian oil company Pacific Rubiales is offering bondholders a dollar price of 113.125 to those who agree to exchange the company’s existing 7.25% 2021 notes for new bonds due 2025 with a coupon of 5.625%.

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Oliver West
US Bureau Chief - Latin America Editor
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