Genel Energy (GB:GENL) has released an update.
Genel Energy PLC has launched a buy-back offer for its $300 million senior unsecured callable bonds, aiming to repurchase around $25 million in nominal value for cash management purposes. The offer is set to run from August 6 to August 20, 2024, with eligible bondholders invited to participate, excluding U.S. persons and those residing in the United States. The final terms, including the maximum price to be paid for the bonds, will be determined by the company with the settlement expected to occur on August 23, 2024.
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