12th Oct 2023 16:55
Genel Energy PLC - London-based oil producer with assets in Somaliland, Morocco and Iraq's Kurdistan region - Announces the result of the reverse tender offer to holders of Genel Energy 4 Finance PLC's USD300 million senior unsecured callable bonds. Says the company accepted offers for USD16.2 million nominal value of bonds with the maximum accepted price set to 93.5% of nominal value. States cash settlement for the bonds, including accrued interest, is expected to occur on October 13. Pareto Securities acted as broker for the buy-back offer.
Current stock price: 83.70 pence
12-month change: down 46%
By Jeremy Cutler, Alliance News reporter
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