Citgo readies rare bonds to attend to 2020 maturities

摘要

CITGO HOLDING is preparing to raise US$1.87bn in the capital markets as it seeks to attend to upcoming maturities in what will be its first bond issue in over four years. The US refiner, a subsidiary of Venezuelan oil company PDVSA, plans to issue US$1.37bn of senior secured five-year non-call two notes and raise a US$500m four-year senior secured Term Loan B.