Vista issues bond for $600 million
The second-largest operator of unconventional hydrocarbons in Argentina, has issued a 10-year bond for $600 million, the company announced
Gentileza de LMNeuquen
Reuters
Friday, 6 December 2024
The oil company Vista, the second-largest operator of unconventional hydrocarbons in Argentina, has issued a 10-year bond for $600 million, the company announced.
The issuance, the company’s first in the international market, was placed at an annual rate of 7.625%.
"The operation received orders totaling $2.4 billion, representing an oversubscription four times the amount issued," Vista said in the statement.
The company, led by Miguel Galuccio, aims to reach a production of 100,000 barrels of oil equivalent per day (boe/d) by 2025, a target originally planned for 2026.
Vista plans to invest over $1.1 billion and drill 52 wells in its assets during 2025.