Singapore's Puma Energy sets talk in 6¾% area for $750 million seven-year notes; pricing Tuesday

By Christine Van Dusen

Atlanta, Jan. 27 - Singapore's Puma Energy - through Puma International Financing SA - set price talk in the 6¾% area for its upcoming $750 million issue of seven-year notes (Ba3/BB/), a market source said.

Goldman Sachs, Societe Generale, ING, Natixis, RMB and Standard Bank are the bookrunners for the Rule 144A and Regulation S deal.

The notes come with three years of call protection.

The proceeds will be used to repay existing debt and for general corporate purposes.

The notes are expected to price on Tuesday.

The Singapore-based oil and gas products and services company plans to use the proceeds to refinance debt and to fund development.

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