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PetroTal issues $100m bond to fund Peru oil development
StockMarketWire.com
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Oil company PetroTal said it had placed a $100 million senior secured bond to repay existing loans and develop the Bretana oil field in Peru.
The three-year bond had a fixed coupon of 12% and a borrowing limit of $125 million.
It was expected to close on or about February 16, subject to customary closing conditions.
At 8:59am: (LON:PTAL) share price was 0p at 8.5p
Story provided by StockMarketWire.com
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