IFLR1000

Pampa Energia $300 million 9.125% notes issue

11/7/2019
High-yield bond/note issue
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$ 300 million

Announced

11/7/2019

Overview:

  • Pampa Energia, an Argentine energy company, has issued $300 million 9.125% notes due 2029 in the international capital markets. 
  • Pampa is the second Argentine company to return to the international capital markets since early 2018. (YPF, an Argentine oil company, issued $500 million 8.75% notes in June 2019.)
  • Citigroup Global Markets, Credit Suisse Securities, J.P. Morgan Securities and Santander Investment Securities acted as initial purchasers and joint book-running managers.
  • Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina) and Banco de Servicios y Transacciones acted as local placement agents.

Rani Mehta - Latin America Editor

Jurisdiction:

Argentina

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Energy

Firms:
Bruchou & Funes de Rioja

Party: Citigroup Global Markets (Initial purchaser)

Party: Credit Suisse Securities (Initial purchaser)

Party: JP Morgan (Initial purchaser)

Party: Santander Investment (Initial purchaser)

Party: Banco de Galicia (Placing agent)

Party: Industrial and Commercial Bank of China (Placing agent)

Party: Banco de Servicios y Transacciones (Placing agent)

Lawyer: José María Bazán

Davis Polk & Wardwell

Party: Citigroup Global Markets (Initial purchaser)

Party: Credit Suisse Securities (Initial purchaser)

Party: JP Morgan Securities (Initial purchaser)

Party: Santander Investment (Initial purchaser)

Lawyer: Maurice Blanco

Salaverri | Burgio | Wetzler Malbrán

Party: Pampa Energía (Issuer)

Lawyer: Roberto Lizondo

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