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OPTI Canada plans new high-yield sale
12 August 2010
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[opti]
[oil sands]
[sagd]
[credit suisse]
[nexen]
Oil sand operator OPTI Canada plans an additional $400 million high-yield bond issue as it tries to bring its Long Lake project up to full production. The issue, which Credit Suisse is marketing, would consist of $300 million of new three-year first lien senior secured notes, and $100 million of notes due 2012 offered under the same terms as an...
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