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.

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