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
隨着需求減弱，石油公司的DJ借款成本不斷上升--市場談話
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)
格林威治時間0957-Aegon Asset Management表示，石油公司不得不支付更高的利息，以從具有環保意識的投資者那裏獲得新的資金。AAM高級信用分析師埃莉諾·普萊斯(Eleanor Price)表示：“隨着人們對氫碳投資的興趣減弱，以及基金授權變得越來越嚴格，ESG的擔憂正在迅速提高石油公司的借款成本。”她舉了最近兩筆交易的例子。她説，總部位於倫敦的石油和天然氣勘探公司圖洛石油公司(Tullow Oil)4月份發行的18億美元債券受到了市場的好評，因為它的票面利率達到了兩位數，同時資本結構也得到了簡化。她説，以色列德勒(Delek)旗下的伊薩卡(Ithaca)上個月發行的債券的交易價格低於發行價，儘管票面利率為9%。AAM持有這兩家公司的股份。(lorena.ruibal@wsj.com)
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August 25, 2021 05:57 ET (09:57 GMT)
2021年8月25日東部時間05：57(格林尼治標準時間09：57)
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