Argentina’s Petroquimica Comodoro Rivadavia taps banks, sets roadshow for dollar notes offering

By Rebecca Melvin

New York, April 23 – Petroquimica Comodoro Rivadavia SA has selected banks and scheduled fixed-income investor meetings regarding a proposed offering of U.S. dollar-denominated notes of intermediate duration, according to market sources.

Itau BBA, BBVA and HSBC were mandated to arrange meetings in Buenos Aires; Santiago, Chile; London; Boston; New York and Los Angeles, starting on Wednesday. The meetings will wrap up on May 1 with a Rule 144A and Regulation S deal to follow, subject to market conditions.

Proceeds will be used to refinance existing debt and for general corporate purposes, including working capital and capital expenditures.

The issuer is a Buenos Aires-based oil and gas exploration and production company.

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