25th Apr 2014 12:14
LONDON (Alliance News) - Genel Energy PLC Friday said it intends to issue USD400.0 million in senior unsecured bonds maturing in 2019 with the net proceeds going towards a combination of field development costs as well as general corporate purposes.
In a statement, the oil and gas exploration and production company said the interest rate, issue price and other terms will be determined at the time of pricing of the issue.
DNB Markets and Pareto Securities have been appointed joint lead managers and bookrunners for the contemplated transaction.
Genel Energy shares were Friday quoted at 941 pence, up 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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