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.

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

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