Petrotrin To Price Next Week

Trinidad and Tobago’s Petrotrin, which is out on the road with a $750m amortizer due 2022, is expected to price next week following an extensive roadshow via Citi. Price talk is not yet out, but bankers say the only comp is NGC, Trinidad’s natural gas company, which issued a bond in early 2006 through Citi/Lehman. On Tuesday, the 2036 NGC bond, rated A3/BBB+ was trading at 99.25 to yield 6.10%