The oil company will place ON at a fixed rate with a maturity of two years for a value of US$60 million.
Tecpetrol, the subsidiary oil company of Grupo Techint dedicated to the exploration, production, transportation, distribution of carbides and generation of electrical energy will issue negotiable obligations (ON) in dollars to strengthen their investments in Vaca Muerta.
The ONs will have a fixed interest rate with a maturity of two years for a value of US$60 million, expandable up to US$120 million. The tender will be on April 18 and you can participate through the MEP Dollar.
According to the Economy & Energy report and with data as of February 2024, Tecpetrol was the fourth gas producer in the country with 12% and the third among proprietary companies (with 12%). In Vaca Muerta, Tecpetrol is the second shale gas company in terms of both operators and owners, behind YPF.
ON issue: the details
Interest Payment Dates: Interest will be paid in arrears, semi-annually, from the Issuance and Settlement Date, on dates that are a day number identical to the Issuance and Settlement Date but of the corresponding semester (each, a “Issue and Settlement Date”). Interest payment”). If any Interest Payment Date is not a Business Day, said payment will be made on the immediately following Business Day. The Interest Payment Dates will be informed through the Results Notice.
Minimum Subscription Amount: US$ 1 (Dollars one) and multiples of US$1 above said amount.
Public Bidding Period: will begin at 10:00 a.m. and will end at 4:00 p.m. from April 18, 2024.
Settlement Agent: Banco Santander Argentina SA
Source: Ambito
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