Peru's state oil firm Petroperu to sell $1 B in bonds in 2019
8/29/2017 2:02:35 PM
Peru's state-owned oil company Petroperu plans to sell $1 B in bonds in 2019 to secure remaining financing for the expansion of its Talara refinery, the company's president said Tuesday.
Speaking on local broadcaster RPP, Luis Garcia also reiterated that the company expects $1.3 B in financing for the $5.4-B project to come from a syndicated loan from Spanish state-backed insurer Cesce.
In June, Petroperu sold $2 B in bonds to finance work on Talara, which is now about 60% complete.
(Reporting By Marco Aquino, Writing By Mitra Taj; Editing by Chizu Nomiyama)
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