Gulf Keystone Petroleum: Pricing of convertible bonds tap issue

Wednesday, October 30, 2013      
 
  • The New Bonds are to be issued on the same terms (save for the issue price) as, and shall be consolidated and form a single series with, the US$ 275,000,000 6.25% Convertible Bonds due October 2017, issued by the Company on 18 October 2012.

Following the press release issued earlier today, Gulf Keystone announces the pricing of the offering (the "Offering") of senior unsecured convertible bonds (the "New Bonds"). The New Bonds shall be issued at 100% of par in an aggregate principal amount of US$ 50,000,000 plus accrued interest from and including 18 October 2013 to but excluding the Closing Date. The New Bonds are to be issued on the same terms (save for the issue price) as, and shall be consolidated and form a single series with, the US$ 275,000,000 6.25% Convertible Bonds due October 2017, issued by the Company on 18 October 2012 (the "Original Bonds" and together with the New Bonds, the "Bonds").

Closing and settlement are expected on 6 November 2013 (the "Closing Date"). An application will be made to admit the New Bonds to trading on the EuroMTF market of the Luxembourg Stock Exchange prior to 30 November 2013.

BNP Paribas is acting as Sole Bookrunner and Lead Manager in respect of the Offering.

Natixis is acting as Co-Bookrunner in respect of the Offering.

 

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Article Tags

Gulf Keystone United States North America Finance AIM


This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More


Related News


Upcoming OilVoice Training Course

Petroleum Geology of West Africa (Two Day Course)
Please note that this course is spread over two days. The course reviews the key regional controls on petroleum systems and prospectivity across the West African continental margin, covering all onshore, shelfal and deepwater settings between South Africa and Morocco. This second run of the course h...
London - 10 Jun


Trainer
Duncan Macgregor

Cost
£1000

Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all
Latest Opinion View all
Join 80,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile
OilVoice Training All upcoming

About

OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Newsletter

Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us


Stay Connected


2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us