DNO ASA Plans New Bond Issue to Refinance Existing Debt

The latest announcement is out from DNO ASA ( (GB:0MHP) ).

DNO ASA has announced its engagement with DNB Markets and Pareto Securities AS to arrange fixed income investor meetings, with the potential issuance of a new senior unsecured bond to refinance existing bonds and for general corporate purposes. This strategic financial move aims to strengthen DNO’s financial position and operational flexibility, which could impact its market presence and stakeholder interests.

More about DNO ASA

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea, and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds stakes in onshore and offshore licenses at various stages of exploration, development, and production in regions such as the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands, and Yemen.

YTD Price Performance: 22.52%

Average Trading Volume: 154,304

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: NOK12.19B

For an in-depth examination of 0MHP stock, go to TipRanks’ Stock Analysis page.