The Argentine subsidiary of Mexico's Vista Energy BMV:VISTA/A priced $400 million in bonds with an 8.5% interest rate due 2033, the company said on Wednesday, with the sale expected to close on December 10.
DEAL DETAILS
• The bonds will mature in June 2033, with a yield of 8.25%.
• The sale was conducted in the U.S. and other countries under U.S. securities regulations.
KEY CONTEXT
• The new bonds will be added to Vista Argentina's existing $500 million bond issue from earlier this year, with the same interest rate and maturity date.
• Vista is Argentina's second-largest shale producer, and has invested heavily in the Vaca Muerta formation.