UPDATE 2-Petroperu plans $2.7 bln in global bonds, sees 2015 profit

viernes 12 de junio de 2015 17:28 GYT

(Adds details on partial privatization, block 192 bid, context)

By Mitra Taj and Marco Aquino

LIMA, June 12 (Reuters) - Petroperu plans to issue $2.7 billion in global bonds, likely with a 30-year maturity, by the end of November to finance expansion of its main refinery, the president of the state-owned energy company said Friday.

German Velasquez said French bank Societe Generale and Peruvian bank Cofide are the bookrunners on the planned transactions, which will allow Petroperu to ramp up work on its Talara refinery that is 13 percent complete.

"We think the bond sales1 should culminate in November of this year for the entire debt ... $2.7 billion," Velasquez told Reuters in an interview.

Petroperu forecasts swinging back into net profit this year after posting a loss in 2014, Velasquez said, amid restructuring aimed at boosting competitiveness.

Petroperu would consider selling up to 49 percent of its shares on the local bourse after - among other things - the Talara expansion is 50 percent complete in 2017, Velasquez said.

Peru changed the law to allow for Petroperu's partial privatization in late 2013.

Velasquez also said Petroperu will likely take up its option on a 25 percent stake in Peru's most productive oil block, 192, next month.   Continuación...