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المشهد العربي
Source: المشهد العربي
4 Hrsالمشهد العربي
Source: المشهد العربي
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Pearl Petroleum, the joint venture between Dana Gas and Crescent Petroleum, has issued $500 million in secured bonds, carrying a fixed annual interest rate of 10.375% and maturing in November 2031. Investor demand exceeded the initial offering by 1.7 times, enabling the issue to be increased from $400 million. The proceeds will be used to refinance $350 million in outstanding bonds, fund a debt-service reserve, develop the Khor Mor and Chemchemal fields, and meet operating requirements.
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