Gulf Keystone announce the settlement and closing of its successful offering (the "Offering") of senior unsecured convertible bonds due October 2017 (the "Convertible Bonds").
The Company intends to make an application for the Convertible Bonds to be admitted to listing on the Official List of the UK Listing Authority and admitted to trading on the Professional Securities Market of the London Stock Exchange by no later than 30 November 2012.
BNP Paribas acted as Sole Bookrunner and Lead Manager of the Offering. Mirabaud Securities LLP and Natixis acted as Co-Bookrunners of the Offering.
Ewen Ainsworth, Gulf Keystone's Finance Director commented:
"We are extremely pleased with the response received from existing and new investors to this important financing initiative. This is the first time Gulf Keystone has accessed the debt capital markets, and the success of the offering demonstrates investors' confidence in the Company's on-going move from appraisal to development of its world class Shaikan field and the maturing hydrocarbon profile of the Kurdistan Region of Iraq."
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