2nd Oct 2023 11:00
Genel Energy PLC - London-based oil producer with assets in Somaliland, Morocco and Iraq's Kurdistan region - To holders of Genel Energy 4 PLC's USD300 million senior unsecured callable bonds with ISIN NO0010894330, offers reverse tender offer. Targets around USD20 million in nominal value of bonds for cash management purposes. Buyback offer starts Monday and lasts until next week Wednesday. Company will determinate the maximum accepted price next week Thursday, with cash settlement expected the day after.
Current stock price: 90.00 pence, up 12% on Monday
12-month change: down 32%
By Tom Budszus, Alliance News reporter
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