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Petro Rio S.A. HRTPF

Energy Oil & Gas E&P
"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Petro Rio S.A. > Hmmmm
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Comment by robnhoodon Oct 25, 2014 8:57am
85 Views
Post# 23060637

RE:RE:RE:RE:Hmmmm

RE:RE:RE:RE:HmmmmMy guess is that it is for drilling Polvo.
This seems like the brokers are expecting a bit of a hard sell if they have to offer such a big discount to the Deb buyers. In most cases  the conversion price is considerably higher than the prevailing price.
The interest rate seems reasonable, so I'm not sure if this would be classified as junk.
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