Pampa comes tight as Arg corps march on

Petrobras Argentina, oil
By Oliver West
19 Jan 2017

Argentine energy company Pampa Energía clinched pricing that was at least flat to its closest comps on its debut bond issue, said EM syndicate bankers, as corporates from the country look set to keep taking advantage of their newfound popularity.

Pampa, which has increased its daily output from 3,000 barrels of oil per day in 2013 to an expected 75,000-80,000 per day for the next three years, sold $750m of 10 year bonds on Tuesday at a yield of 7.625%. 

“We were expecting Pampa Energía to come closer to ...

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