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ShaMaran makes amortization payment, trims 12% bonds to $175 million
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – Emerging markets-focused ShaMaran Petroleum Corp. said it has completed the required December amortization payment, which reduces the outstanding principal amount of its 12% senior bonds due 2023 (ISIN: 0010826456) to $175 million, according to a news release.
ShaMaran is a Vancouver, B.C.-based oil exploration and development company focused on Kurdistan.
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