Genel Energy Exercises Bond Call Option

Story Highlights
  • Genel Energy is a socially responsible oil producer listed on the London Stock Exchange.
  • Genel Energy will call a $66 million bond maturing in October 2025, settling on 14 April 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Genel Energy Exercises Bond Call Option

The latest announcement is out from Genel Energy ( (GB:GENL) ).

Genel Energy has exercised a bond call option, aligning with its recent placement of a new $100 million senior unsecured bond maturing in April 2030. The company will call the outstanding bond amount of $66 million with a maturity date in October 2025, at a price equal to 100% of the nominal amount, with settlement set for 14 April 2025.

More about Genel Energy

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange.

YTD Price Performance: 4.77%

Average Trading Volume: 2,082

Technical Sentiment Signal: Buy

Current Market Cap: $256.1M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App