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Published on 12/18/2018 in the Prospect News Emerging Markets Daily.

NiQuan Energy Trinidad waits to price proposed notes in new year

By Rebecca Melvin

New York, Dec. 18 – NiQuan Energy Trinidad Ltd., a subsidiary of NiQuan Energy LLC, is expected to wait until January to price its planned notes offering, according to a market source.

The Trinidad and Tobago-based gas to liquids plant operator was planning to price $100 million to $150 million of 10-year notes to yield between 10¼% and 10½%, according to sources. But market volatility sidelined the issue last week when it wrapped up roadshow meetings.

The deal was announced initially on Dec. 4 with Oppenheimer and Republic Bank selected to be joint bookrunners of the deal.


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