Petrotrin Prices $750m Amortizer

Trinidad & Tobago-based Petrotrin priced Tuesday $750m in 15-year amortizing bonds at 99.579 with a 6.000% coupon to yield 6.062%, or 140bp over the 10-year US Treasury. This was in line with expectations. The comp, Trinidad’s natural gas company NGC, was yielding 6.10% last week. Citi led the issue. Petrotrin is rated Baa2.