PETROPERU receives award for issuance of bonds in the international financial market
PETROPERU receives award for issuance of bonds in the international financial market

PETROPERU received the Project & Infrastructure Finance Awards 2018, in the Best Oil & Gas Financing Category, in the city of New York on October 3. This recognition is granted by the magazine LatinFinance, the main source of information on financial markets and the economies of Latin America and the Caribbean.

The award, received by Carlos Linares Peñaloza, Corporate Finance Manager of PETROPERU; was awarded for the successful issuance of corporate bonds for US $ 2 billion to finance the Talara Refinery Modernization Project-PMRT. The winners in each category stand out for being leaders in the industry they represent and for raising the level of financial negotiation in Latin America and the Caribbean. In 2017 PETROPERU received the award in the Quasi-Sovereign Bond category.

LatinFinance launched its Project & Infrastructure Finance Awards in 2013 and each year conducts a comprehensive review of the region's financial infrastructure activity, recognizing the progress, innovations and outstanding achievements of the period; celebrating the best of transactions in the region, as well as borrowers, banks and law firms.

PETROPERU made a successful inaugural bond placement for US $ 2 billion in international markets. The transaction was well received by international investors, with a demand that exceeded US $ 10 billion. The oil company reached a rate differential on Peruvian dollar bonds of approximately 140 basis points compared to other issuers, this international transaction being the first placement of a Peruvian company for a term of 30 years.

This way, the Company and Peru receive recognition from the international financial community for raising funds under highly advantageous conditions, which contributes to the strengthening of their corporate governance, as well as, with the efficiency and transparency of their management; besides financing the modernization of Talara Refinery, declared project of public necessity and national interest.