Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Tullow Oil To Raise USD650 Million Through Senior Notes Offering (ALLISS)

12th Mar 2018 09:31

LONDON (Alliance News) - FTSE 250-listed Tullow Oil PLC on Monday said it intends to offer an aggregate of USD650.0 million in senior notes due 2025.

Proceeds from the notes will go towards redeeming in full the oil & gas company's senior notes due 2020, and the 2025 notes will become the general obligations of Tullow and guaranteed by its subsidiaries.

The interest will be payable semi-annually, but the interest rate, offering price and other terms are yet to be determined, and are subject to market conditions.

Shares in Tullow Oil were down 1.6% at 188.15 pence on Monday.


Related Shares:

Tullow Oil
FTSE 100 Latest
Value8,463.46
Change46.12