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ShaMaran Petroleum Corp intends to place USD150m in senior secured bond.

NORDIC BUSINESS REPORT-October 29, 2013-ShaMaran Petroleum Corp intends to place USD150m in senior secured bond(C)2013 M2 COMMUNICATIONS http://www.m2.com

Canadian oil and gas company ShaMaran Petroleum Corp (TSX VENTURE:SNM) (Stockholm:SNM.ST) said on Monday that it proposes to issue a USD150m senior secured bond.

Net proceeds from the bond will be utilised by the company to fund the future capital expenditures related to the development of the Atrush Block. It holds a 20.1% working interest through its wholly owned subsidiary, ShaMaran Ventures BV.

Pareto Securities AB will act as manager and book runner for the bond placement.

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Publication:Nordic Business Report
Date:Oct 29, 2013
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