Ruspetro guides to double digits

05 Feb 2013

Oil and gas company Ruspetro has released initial price guidance of low to mid-11% for its five year bonds, which it expects to price later this week. The company is looking for an issue size of about $350m.

Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank are arranging the deal.

Standard & Poors has rated the bonds B-.

The latest available financials are for the third quarter of 2012, which indicated revenues for the quarter of $51.57m. However, Ruspetro generated gross and operating losses ...

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