25th Nov 2013 08:57
LONDON (Alliance News) - Premier Oil PLC Monday launched an offer of 5% Sterling Bonds due 2020, available to wholesale and retail investors.
The bonds will pay a fixed rate of interest of 5% a year, payable twice yearly on June 11 and December 11 with the first coupon payment being made on June 11, 2014. The bonds will mature on December 11, 2020 and are guaranteed by certain Premier Oil operating subsidiaries.
Premier Oil shares were up 0.2% at 319.2 pence early Monday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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