By John Lee.
Gulf Keystone Petroleum (GKP) announced today that it has priced a debt offering of US$250 million.
The privately placed debt securities, offered in accordance with Reg S/144A to institutional investors in Europe, the US and Asia, consists of three-year senior unsecured notes carrying a coupon of 13% per annum and freely tradeable and detachable warrants relating to 40 million common shares in the Company.
Key terms of the notes and warrants can be viewed here.
(Bonds image via Shutterstock)