Reuters logo
Citgo amends US$2.5bn deal to attract investors - source
2015年2月6日 / 下午4点48分 / 3 年前

Citgo amends US$2.5bn deal to attract investors - source

NEW YORK, Feb 6 (IFR) - Venezuela’s US oil refiner Citgo Holding has restructured and raised the yield on a proposed US$2.5bn financing package following lacklustre investor demand, a source familiar with the deal said on Friday.

The company plans to use proceeds to pay a dividend to state-owned oil company PDVSA.

The oil company has raised the yield on the US$1.5bn offering to 12% area, and pledged 100% of the operating company equity as collateral, the source told IFR.

Original price talk was 11.75%, which was wide to initial price indications - or whispers - of high 10% to 11%.

Reporting by Davide Scigliuzzo; Editing by Jack Doran and Natalie Harrison

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below