PRIO issues US$600 million bond in the international market

02 Jun 2021

PRIO issued a US$600 million bond in the international market, in the form of Senior Secured Notes, maturing in 2026. The interest rate is 6.125%.

The net funds raised through the bonds will be used for prepayment of certain debts as well as for cash and general corporate purposes. This is the first issue in the international market carried out by the company.