Genel Energy accepts $16.2 million of senior bonds from buyback offer

Chicago, Oct. 12 – Genel Energy plc announced with Genel Energy Holding Co. Ltd. that it will accept $16.2 million of senior bonds from its buyback offer which started Oct. 2, according to a notice.

The reverse tender offer relates to the issue of $300 million of senior callable bonds that list Genel Energy 4 Finance plc as issuer (ISIN: NO0010894330).

The maximum accepted price is 93.5. The company is buying the bonds at the maximum accepted price and the price offered by each bondholder.

The company was aiming to purchase around $20 million of the bonds.

The offer expired at 9 a.m. ET on Oct. 11.

Settlement is expected for Oct. 13.

Pareto Securities acted as broker for the offer.

The oil and gas exploration and production company is based in London and operates in the Kurdistan region of Iraq.

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