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Published on 12/4/2013 in the Prospect News High Yield Daily.

New Issue: IGas Energy plans to issue $30 million 10% five-year senior bonds

By Susanna Moon

Chicago, Dec. 4 - IGas Energy plc said it arranged a $30 million 10% five-year senior bond issue.

Proceeds will be used for general corporate purposes, including gas monetization.

The new bond issue will be listed in Oslo.

ABG Sundal Collier Norge ASA is the arranger and bookrunner.

IGas is a London-based onshore hydrocarbon producer, delivering natural gas and crude oil to Britain's energy market.

Issuer:IGas Energy plc
Issue:Senior bonds
Amount:$30 million
Maturity:Dec. 11, 2018
Coupon:10%
Bookrunner:ABG Sundal Collier Norge ASA
Pricing date:Dec. 4

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