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AFR Afren

1.785
0.00 (0.00%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Afren LSE:AFR London Ordinary Share GB00B0672758 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.785 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Afren To Price $300 Million Seven-Year Bond At 10.25%

01/03/2012 9:35am

Dow Jones News


Afren (LSE:AFR)
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Oil and gas company Afren PLC (AFR.LN), guaranteed by Afren Nigeria Holdings, is to price its $300 million, seven-year bond to yield 10.25%, one of the banks on the deal said Thursday.

The company held a series of global investor meetings ahead of the bond sale, in London and in the U.S., throughout this week. Pricing is expected Thursday.

BNP Paribas SA, Deutsche Bank AG and Goldman Sachs Group Inc. are lead managers of the deal.

The issuer is rated B- by Standard & Poor's Corp. and B by Fitch Ratings.

Proceeds will be used to repay existing debt and for general corporate purposes.

- By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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