Successful pricing of bond issuance

Summary by AI BETAClose X

Gulf Keystone Petroleum Ltd. has successfully priced a USD 175 million, 5-year senior unsecured bond issuance at 98% of nominal value with a 10.25% coupon rate, which was oversubscribed and attracted strong international investor interest. The proceeds will fund near-term capital expenditures, support the return to development of the Shaikan Field, and cover general corporate purposes, positioning the company for production growth and a multi-year drilling program starting in 2027. Settlement is expected around November 10, 2026, with an application to list the bonds on the Euronext ABM market in Oslo.

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