5 Hrs
Source:
الاقتصادية
Source: الاقتصادية
5 Hrsالاقتصادية
Source: الاقتصادية
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Dana Gas and Crescent Petroleum, the joint operators of the Pearl Petroleum consortium, raised $500 million through a bond issue carrying a fixed annual interest rate of 10.375% and maturing in November 2031. Subscription orders exceeded the issue size by about 1.7 times. The proceeds will be used to refinance $350 million in outstanding bonds, establish a debt-service reserve, and continue developing the Khor Mor and Chemchemal fields in Iraq.
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