Chicago, Feb. 4 – Petroleos del Peru Petroperu SA sold a $1 billion reopening of its 4.65% notes due 2047, according to a company announcement.
The bonds were originally issued with a 5.62% coupon in 2017.
The order books were at approximately $2.5 billion for the notes, including orders from Blackrock, Pimco, Marathon and Wellington.
The company was given authorization to issue the debt without the guarantee of the national government.
Proceeds will be used for the Talara Refinery.
HSBC, JPMorgan and Santander led investor meetings on Feb. 2.
Petroperu is a state-owned petroleum company based in Lima.
| Issuer: | Petroleos del Peru Petroperu SA
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| Amount: | $1 billion
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| Maturity: | 2047
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| Securities: | Bonds
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| Bookrunners: | HSBC, JPMorgan and Santander
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| Coupon: | 4.65%
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| Pricing date: | Feb. 4
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| Rating: | S&P: BBB-
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| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Investor meeting
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