Pampa Energía is considering selling an international bond if market conditions remain favorable to refinance a $750 million bond due in 2027 and possibly acquire assets, said Chief Financial Officer Nicolás Mindlin.

“We know that there is currently an interesting market window for Argentine corporate bonds,” he said on Wednesday during a conference call with investors.

Mindlin said Pampa is in no hurry to enter the international market because the company has a solid cash balance of nearly $1 billion and the next significant maturity of its $750 million 7.5 percent bond is not until January 2027.

With that cash on hand, Pampa can “comfortably” meet its debt payments and growth plans for the coming years, he added. But Mindlin said the company will monitor market conditions to find the right time.

“We do not rule out taking action sooner if conditions are favourable,” he said.

In July, Transportadora de Gas del Sur, a gas pipeline operator partly owned by Pampa, raised $490 million from the sale of 2031 bonds with an interest rate of 8.5 percent, its first deal on the international market in more than six years.

Mergers & Acquisitions

Mindlin said another reason to tap the cross-border market is to acquire assets. While the company is analyzing the opportunities, he said the company can grow organically through 2027 due to its high cash position and low debt maturities.

Pampa has explored the possibility of buying oil fields to boost production, but none of these options have been attractively priced, he added.

For Pampa, it is “much more profitable” to expand its existing assets than “to pay a high entry price for new assets,” Mindlin said.