Investors rush in as Anton Oil returns to dollars

Oil rig from Fotolia 230x150
By Morgan Davis
22 Nov 2019

Anton Oilfield Services Group returned to the the dollar market on Thursday after a two-year break. The company's story has changed since its last bond sale, and investors were ready to embrace the improved credit.

The Chinese oilfield service provider hasn't been seen in the dollar market since November 2017, when it raised $300m in an exchange and new money offering. Since then, it has clawed its way up from a Caa1/—/CCC rating to a B1 rating from Moody's. The ratings agency ...

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