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Published on 9/18/2023 in the Prospect News Emerging Markets Daily.

New Issue: Hunt Oil of Peru prices $450 million of 8.55% 10-year notes at par

By William Gullotti and Cristal Cody

Buffalo, N.Y., Sept. 18 – Hunt Oil Co. of Peru LLC, Sucursal del Peru priced $450 million of 8.55% 10-year notes (Ba1//BBB) at par on Sept. 12, according to market data and additional information provided by a market source.

The coupon came in under initial talk in the 8 7/8% to 9% area.

BofA was the bookrunner for the Rule 144A and Regulation S offering, with the Regulation S listing already active on the Frankfurt Exchange.

San Isidro, Peru-based Hunt is an oil and gas company.

Issuer:Hunt Oil Co. of Peru LLC, Sucursal del Peru
Amount:$450 million
Issue:Notes
Maturity:Sept. 18, 2033
Bookrunner:BofA
Coupon:8.55%
Price:Par
Yield:8.55%
Pricing date:Sept. 12
Settlement date:Sept. 18
Ratings:Moody’s: Ba1
Fitch: BBB
Distribution:Rule 144A and Regulation S
Cusip:445640AC9
Price talk:8 7/8% to 9% area

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