Petroquimica to issue $25 million class 1 8% notes due 2011

By Caroline Salls

Pittsburgh, Sept. 22 - Petroquimica Comodoro Rivadavia SA will issue up to $25 million class 1 8% fixed-rate notes due 2011 under its up to $50 million notes program, according to a company news release.

ABN Amro is the placement agent and bookrunner.

The notes program is rated A+(Arg) by Fitch.

The proceeds will be used for working capital and investments in physical assets.

Petroquimica is a Buenos Aires producer of cement and other construction materials.

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