By John Lee.
Gulf Keystone Petroleum (GKP) announced today that it has priced a debt offering of US$250 million.
The privately placed debt securities, offered in accordance with Reg S/144A to institutional investors in Europe, the US and Asia, consists of three-year senior unsecured notes carrying a coupon of 13% per annum and freely tradeable and detachable warrants relating to 40 million common shares in the Company.
Key terms of the notes and warrants can be viewed here.
(Source: GKP)
(Bonds image via Shutterstock)