Announcement of Contemplated Bond Issuance
Gulf Keystone Petroleum Ltd. has announced a contemplated bond issuance, initiating fixed income investor meetings today to potentially raise USD denominated senior unsecured debt. The net proceeds are earmarked for near-term capital expenditures, facilitating the return to development of the Shaikan Field, and for general corporate purposes. This move signals the company's strategic financial planning and operational ambitions.
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Gulf Keystone has mandated Arctic Securities and DNB Carnegie as joint bookrunners and SB1 Markets as co-manager to arrange a series of fixed income investor meetings commencing today.
A new USD denominated senior unsecured bond may follow, subject to inter alia market conditions.
The net proceeds from the contemplated bond issue will fund near term capex, position the Company for a return to development of the Shaikan Field and be used for general corporate purposes.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.