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International bonds: Pacific Rubiales Energy, 5.125% 28mar2023, USD (USC71058AC25)

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Restructuring, Senior Unsecured

Status
Redemption default
Amount
1,000,000,000 USD
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
Canada
Current coupon
-
Price
-
Yield / Duration
-
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    1,000,000,000 USD
  • Outstanding amount
    1,000,000,000 USD
  • Minimum Settlement Amount
    100,000 USD
  • ISIN RegS
    USC71058AC25
  • Common Code RegS
    091090821
  • CFI RegS
    DBFUGR
  • FIGI RegS
    BBG004CH80F5
  • SEDOL
    BHHNT70
  • Ticker
    FECCN 5.125 03/28/23 REGS

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Quotes from market participants are indicative

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Issue information

Profile
Frontera Energy Corporation (f.n.a. Pacific Exploration and Production Corp and Pacific Rubiales Energy Corp.) is a Canadian and Colombian-listed producer of oil and natural gas. The company is the largest independent oil and gas exploration and ...
Frontera Energy Corporation (f.n.a. Pacific Exploration and Production Corp and Pacific Rubiales Energy Corp.) is a Canadian and Colombian-listed producer of oil and natural gas. The company is the largest independent oil and gas exploration and production company in Colombia. Frontera Energy Corporation owns 100 percent of Pacific Stratus and Kappa Energy Holdings, as well as Meta Petroleum Limited, a Colombian oil operator which operates the Rubiales and Piriri oil fields in Colombia’s Llanos Basin ¡n association with Ecopetrol S.A., the Colombian national oil company.
Volume
  • Placement amount
    1,000,000,000 USD
  • Outstanding amount
    1,000,000,000 USD
Face value
  • Minimum Settlement Amount
    100,000 USD
  • Increment
    *** USD
  • Face value
    1,000 USD
Listing
  • Listing
    ***

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

Debt Servicing

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Bids
    *** USD
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    The net proceeds to Pacific Rubiales from the Offering, after deducting the fees, commissions and offering expenses payable by us will be approximately US$9894 million The company intends to use the net proceeds to repay the US$358 million of principal, plus accrued interest, outstanding under our US dollar revolving credit facility and for general corporate purposes, which may include acquisitions and investments in oil and gas sector assets and related infrastructure See Managements Discussion and Analysis of Financial Condition and Results of Operations IndebtednessRevolving Credit Facilities US dollar facility The following table sets forth our consolidated capitalization as of December 31, 2012 on an actual basis and as adjusted to reflect (i) the payment of the aggregate 2016 note redemption price of US$1098 million, including the $1000 million drawdown of the Banco Ita? BBA Credit Facility to fund in part such redemption, and (ii) the receipt of US$9894 million in net proceeds from the issuance and sale of the notes offered hereby after deducting estimated discounts and commissions and expenses payable by Pacific Rubiales and the application of a portion of such proceeds to repay the US$358 million of principal outstanding under our US dollar revolving credit facility Except as set forth in the table below, there has been no material change to our capitalization since December 31, 2012 This table should be read in conjunction with, and is qualified in its entirety by reference to, Selected Historical Consolidated Financial Information, Managements Discussion and Analysis of Financial Condition and Results of Operations, and the consolidated financial statements of Pacific Rubiales and the notes thereto included elsewhere in this offering memorandum
Participants
  • Bookrunner
    ***, ***, ***, ***
  • Depository
    ***, ***

Conversion and exchange

  • Conversion terms
    ***

Covenants

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Additional information

Latest issues

Identifiers

  • ISIN RegS
    ***
  • ISIN 144A
    ***
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    091090821
  • CFI RegS
    DBFUGR
  • CFI 144A
    DBFUGR
  • FIGI RegS
    BBG004CH80F5
  • FIGI 144A
    BBG004BDTWK6
  • WKN RegS
    A1HHY3
  • WKN 144A
    A1HH1Q
  • SEDOL
    BHHNT70
  • Ticker
    FECCN 5.125 03/28/23 REGS
  • Type of security by CBR
    ***

Bond classification

  • Senior Unsecured
  • Registered
  • Coupon bonds
  • Restructuring
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk
  • Trace-eligible

Restructuring

***

***

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