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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 11/3/2014 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

MBPS Finance to redeem all $198.36 million of 11¼% notes due 2015

By Tali Rackner

Norfolk, Va., Nov. 3 – MBPS Finance Co. plans to redeem all $198.36 million of its 11¼% notes due 2015, according to a notice.

The notes will be redeemed on Dec. 4 at par plus accrued interest to the redemption date for a total redemption price of $199,538,258.40.

Deutsche Trustee Co. Ltd. is the trustee.

Based in the Cayman Islands, MBPS Finance is a subsidiary of MB Petroleum Services LLC. MB Petroleum is an Oman-based multinational corporation focused on oilfield services.


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