Borrowing Costs for Oil Companies on the Rise as Demand Wanes -- Market Talk
Borrowing Costs for Oil Companies on the Rise as Demand Wanes -- Market Talk
DJ Borrowing Costs for Oil Companies on the Rise as Demand Wanes -- Market Talk
随着需求减弱，石油公司的DJ借款成本不断上升--市场谈话
0957 GMT - Oil companies are having to pay a higher interest to secure new funding from environmentally-conscious investors, says Aegon Asset Management. "ESG concerns are rapidly raising the cost of borrowing for oil companies as interest in hydro-carbon investment wanes and fund mandates become ever more restrictive," says Eleanor Price, senior credit analyst at AAM. She give the example of two recent deals. London-headquartered oil and gas exploration company Tullow Oil's $1.8 billion bond deal in April "was well received by the market due to its double-digit coupon and the concurrent simplification of its capital structure," she says. Israel's Delek-owned Ithaca's bond issued last month is trading a price below its issue level, despite pricing at a 9% coupon, she says. AAM has holdings in both companies. (lorena.ruibal@wsj.com)
格林威治时间0957-Aegon Asset Management表示，石油公司不得不支付更高的利息，以从具有环保意识的投资者那里获得新的资金。AAM高级信用分析师埃莉诺·普莱斯(Eleanor Price)表示：“随着人们对氢碳投资的兴趣减弱，以及基金授权变得越来越严格，ESG的担忧正在迅速提高石油公司的借款成本。”她举了最近两笔交易的例子。她说，总部位于伦敦的石油和天然气勘探公司图洛石油公司(Tullow Oil)4月份发行的18亿美元债券受到了市场的好评，因为它的票面利率达到了两位数，同时资本结构也得到了简化。她说，以色列德勒(Delek)旗下的伊萨卡(Ithaca)上个月发行的债券的交易价格低于发行价，尽管票面利率为9%。AAM持有这两家公司的股份。(lorena.ruibal@wsj.com)
(END) Dow Jones Newswires
(完)道琼通讯社
August 25, 2021 05:57 ET (09:57 GMT)
2021年8月25日东部时间05：57(格林尼治标准时间09：57)
Copyright (c) 2021 Dow Jones & Company, Inc.
版权所有(C)2021年道琼斯公司