View Full Version : Genel Shares Rise on Debt Reduction Plan

Investors Iraq News
12-20-2017, 07:46 PM
By John Lee.
Shares in Genel Energy closed the day up 5.9 percent on Wednesday, after the company’s bondholders approved its proposal to reduce the outstanding bond debt from $421.8 million to $300 million.
It will also extend maturity through amending and restating terms to a new 5 year tenor.
DNB Markets and Pareto Securities acted as managers for the refinancing.
(Source: Genel Energy)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2017/12/20/genel-shares-rise-on-debt-reduction-plan/)

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