By John Lee.
Genel Energy has announced that it has completed its issue of the U.S. $230 million 7.5% senior unsecured bonds due 14 May 2019.
As part of the issue of the bonds, Genel Energy Finance 3 plc (as issuer) and Genel Energy plc (as parent) entered into a bond agreement on 9 April 2015 with Nordic Trustee ASA on behalf of bondholders.
The Bond Agreement sets out the terms and conditions on which the Bonds were issued.
Genel Energy plc and Genel Energy Holding Company Limited have each, on the same date, also entered into a guarantee of the amounts payable under the Bond Agreement.
(Source: Genel Energy)
(Bonds image via Shutterstock)