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Published on 7/27/2012 in the Prospect News Canadian Bonds Daily and Prospect News Liability Management Daily.

Pacific Rubiales to redeem PetroMagdalena's C$23 million 9% notes

By Tali David

Minneapolis, July 27 - As a result of Pacific Rubiales Energy Corp. acquiring PetroMagdalena Energy Corp. and all of its shares, PetroMagdalena is entitled to redeem its 9% senior A notes for a total of about C$23 million, according to press release.

The bonds will be redeemed at 110 plus accrued interest on Aug. 27.

Pacific Rubiales is a Toronto-based oil and gas exploration and production company focused on Colombia.


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