ShaMaran retires $10 million 12% bonds due 2023 so far in 2021

By Wendy Van Sickle

Columbus, Ohio, May 5 – ShaMaran Petroleum Corp. said it has purchased in total this year $10 million of its 12% senior bonds due 2023 (ISIN: NO0010826456) “at attractive market rates” and that all of these bonds have been retired.

The company’s bond amortization payment due in December 2021 has thus been reduced to $5 million from $15 million, and the total outstanding principal amount of the bonds reduced to $180 million according to a news release.

Vancouver, B.C.-based ShaMaran is a Kurdistan-focused oil and gas production, development and exploration company.

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