Argentina’s Tecpetrol sets roadshow for intermediate-term notes

By Rebecca Melvin

New York, Nov. 29 – Tecpetrol SA has scheduled a roadshow for an offering of up to $500 million of medium-term senior unsecured notes (expected rating: Ba3), according to a market source.

The notes will be guaranteed by parent Tecpetrol Internacional SLU.

BBVA, Citigroup, JPMorgan and Santander are arranging the fixed-income investors meetings for the Rule 144A and Regulation S offering in Los Angeles on Thursday and in New York on Friday and Monday, with a second team meeting in London on Friday and in Boston on Monday.

Proceeds are earmarked to fund capital investment in Argentina as well as other general business purposes.

Based in Buenos Aires, Tecpetrol is an oil and gas exploration & production company with operations in Argentina, Peru, Mexico, Colombia, Bolivia, Ecuador and Venezuela.

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