Pluspetrol Places USD Floaters

Peru-based Pluspetrol Lote 56, a unit of Argentina’s Pluspetrol, has sold $124.5m in bonds in 2 tranches. A $27.5m 5-year tranche pays 300bp over 3-month Libor. Total demand was $32.8m. A $97.0m 10-year meanwhile pays 350bp over 3-month Libor. Total demand for that slice was $124.1m. Proceeds will be used to finance investments and working capital, the company says. Credibolsa handled the AAA rated issue.