DJ Genel Energy PLC: Bond call option exercised
Genel Energy PLC (GENL)
Genel Energy PLC: Bond call option exercised
22-Dec-2020 / 13:46 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
22 December 2020
Genel Energy plc
Bond call option exercised
Genel Energy plc ('Genel' or 'the Company') has notified Nordic Trustee A.S.
that the Company has decided to call the outstanding bond amount relating to
ISIN NO 001071088.2, with a maturity date in December 2022 and a fixed
coupon of 10% per annum, at a price equal to 105% of the nominal amount. The
total amount outstanding is $77 million.
This follows the successful completion in October of the issuance of a $300
million senior unsecured bond with maturity in October 2025, and a fixed
coupon of 9.25% per annum.
The settlement date is set to be 8 January 2021.
-ends-
For further information, please contact:
Genel Energy +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7390 0230
Patrick d'Ancona
Notes to editors:
Genel Energy is a socially responsible oil producer listed on the main
market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94).
The Company is one of the largest London-listed independent hydrocarbon
producers, with an asset portfolio that positions us well for a future of
fewer and better natural resources projects. Genel has low-cost and
low-carbon production from the Taq Taq and Tawke licences in the Kurdistan
Region of Iraq, providing financial resilience that allows investment in
growth and the payment of a material and sustainable dividend, even at a low
oil price. Genel also continues to pursue further growth opportunities. For
further information, please refer to www.genelenergy.com [1].
ISIN: JE00B55Q3P39
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 90185
EQS News ID: 1156996
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 22, 2020 08:46 ET (13:46 GMT)
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