Vista Energy issues bond to repay loan and invest in Vaca Muerta

Oil company Vista Energy issued an international bond worth $500 million with an average maturity of seven years at an annual rate of 8.5%, the company said in a statement.

“Of the funds raised, $300 million will be used to repay a bridge loan granted by Banco Santander for the acquisition of 50% of the La Amarga Chica block,” Vista said.

It added that “the remaining $200 million will be directed toward investments in Vista’s blocks in the Vaca Muerta formation.”

Vista has a production of over 110,000 barrels of oil equivalent per day, of which it exports 50%.