Gulf Keystone Petroleum Ltd Com Shs (GKP): Senior unsecured bond issue
This situation live
GKP Gulf Keystone Petroleum Ltd Com Shs
27 Oct 2026 · Priced; settlement expected about 10 Nov 2026 · +0% since
Settlement of the bond issue is expected to occur on or about 10 November 2026, subject to customary conditions precedent.
Senior unsecured bond issue
Priced; settlement expected about 10 Nov 2026
NOV10
Next: Bond settlement and listing on Euronext ABM Oslo in 12 days
Every step · 1
- 27 Oct 2026 Priced; settlement expected about 10 Nov 2026 – Settlement of the bond issue is expected to occur on or about 10 November 2026, subject to customary conditions precedent. ↗
What is happening
Gulf Keystone Petroleum Ltd Com Shs: Senior unsecured bond issue – Priced; settlement expected about 10 Nov 2026. ['Priced; settlement expected about 10 Nov 2026']
- In short
- On 27 Oct 2026, a week after the ShaMaran merger agreement of 20 Oct 2026, Gulf Keystone priced a 5-year senior unsecured bond of USD 175m at a 10.25% coupon, issued at 98% of nominal. It was oversubscribed. Proceeds fund near-term capex and the return to development of Shaikan. Cash was $48.2m with no debt before this.
- Announced
- 27 Oct 2026 · Priced; settlement expected about 10 Nov 2026
- Size
- USD 175 million, 5-year senior unsecured bond
- Coupon
- 10.25% per annum
- Price
- Issued at 98% of nominal value
- Demand
- Oversubscribed, strong interest from high-quality international investors
- Use of money
- Near-term capex, return to development of Shaikan Field, general corporate purposes
- Next milestone
- Settlement on or about 10 November 2026; listing application on Euronext ABM, Oslo
What comes next
Bond settlement and listing on Euronext ABM Oslo (10 Nov 2026).
Briefing
Gulf Keystone Petroleum Ltd Com Shs in 4 minutes
Gulf Keystone is an independent oil producer whose only asset is the Shaikan Field in the Kurdistan Region of Iraq. Its oil could not leave Kurdistan by pipeline for two and a half years from March 2023, then exports...
- Act 1The pipeline closes (2023)
- Act 2Local sales rebuild the cash (2024)
- Act 3Exports return, then war (2025-2026)
From the company's own announcements. Not investment advice.
Also at Gulf Keystone Petroleum Ltd Com Shs 3 open
Insider conviction3 directors buying – £89k in 3 buys
Large acquisition / reverse takeoverMerger with ShaMaran – Merger agreed; awaiting approvals
Capital returnSpecial dividend – proposed
Insider conviction1 director buying – £13k in 1 buy · closed
Insider conviction1 director buying – £57k in 1 buy · closed
Gulf Keystone Petroleum Ltd Com Shs – company page →