19th Nov 2013 10:20
LONDON (Alliance News) - Premier Oil PLC Tuesday said it has established a GBP500 million Euro Medium Term Note Programme for the issuance by Premier of senior unsecured notes.
The exploration and production company said it started the programme as part of its strategy to diversify its sources of debt funding and extend its debt maturity profile.
Premier said it may issue retail or wholesale notes in certain markets and currencies under the programme and notes issued under the programme will be guaranteed by certain subsidiaries of Premier
Premier Oil shares were down 0.3% to 325.10 pence Tuesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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