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Published on 7/6/2021 in the Prospect News Canadian Bonds Daily, Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

ShaMaran purchases $5.05 million of bonds with available free cash

Chicago, July 6 – ShaMaran Petroleum Corp. announced the purchase and retirement of $5.05 million of 12% senior bonds due 2023 (ISIN: NO0010826456) from cash flow in the second quarter, according to a press release.

The company had $180 million bonds outstanding.

The bonds were purchased “at commercially attractive rates.”

The company has made similar announcements in the past.

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


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