February 2012
Deals of the Year 2011: OGX
Away from the sovereign issuers there were many other impressive transactions, such as Petrobras’s $6 billion issue in January. But the outstanding deal was OGX’s debut $2.563 billion transaction. It was the largest high-yield offering by an emerging market issuer and it was the largest high-yield oil and gas offering. But more than this, it was an example of international capital markets delivering debt financing to the region’s vital energy industries and an excellent demonstration of the markets working with the issuer and its investment banks to deliver a mutually beneficial transaction.
Last January, when OGX mandated Credit Suisse, HSBC, Itaú BBA and JPMorgan it was still one year away from producing oil (which was...
More information on deals of the year
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