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Genel Energy buys back Bonds at Discount
April 7, 2017 in Iraq Oil & Gas News
By John Lee.
Genel Energy has decided to repurchase a nominal amount of USD 252.8 million of Bonds in connection with its recent Buy-Back Offer.
The Bonds will be repurchased at the price offered by each bondholder up to and including 89.90% of par value. The Bonds are being repurchased at a weighted average price of 85.56% of par value.
Settlement of the repurchases pursuant to the Buy-Back Offer will occur on 11 April 2017. The Company will cancel all Bonds repurchased, including current treasury bonds with nominal value of USD 55.4 million.
April 7, 2017 in Iraq Oil & Gas News
By John Lee.
Genel Energy has decided to repurchase a nominal amount of USD 252.8 million of Bonds in connection with its recent Buy-Back Offer.
The Bonds will be repurchased at the price offered by each bondholder up to and including 89.90% of par value. The Bonds are being repurchased at a weighted average price of 85.56% of par value.
Settlement of the repurchases pursuant to the Buy-Back Offer will occur on 11 April 2017. The Company will cancel all Bonds repurchased, including current treasury bonds with nominal value of USD 55.4 million.
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