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Genel Energy Secures $100 Million Through Successful Bond Placement

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Genel Energy Secures $100 Million Through Successful Bond Placement

Genel Energy ( (GB:GENL) ) has issued an update.

Genel Energy has successfully completed a private placement of USD 100 million in new five-year senior unsecured bonds with an 11% annual coupon rate. The bond issue, which attracted strong international investor demand, will be listed on the Nordic ABM and Frankfurt Open Market. The proceeds will be used to refinance existing bonds and for general corporate purposes, enhancing the company’s financial flexibility.

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: 4.55%

Average Trading Volume: 3,713

Technical Sentiment Signal: Buy

Current Market Cap: $255.8M

For detailed information about GENL stock, go to TipRanks’ Stock Analysis page.

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