Pacific Rubiales Energy redeems in full 8¾% notes due 2016 at 120.029

By Marisa Wong

Madison, Wis., March 22 - Pacific Rubiales Energy Corp. redeemed on March 21 all of its outstanding 8¾% senior notes due Nov. 10, 2016.

At redemption, the outstanding principal amount totaled $91,511,000. The company originally issued $450 million of the notes in November 2009.

The notes were redeemed at 120.029 plus accrued interest to the redemption date.

Pacific Rubiales is a Toronto-based producer of natural gas and heavy crude oil.

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