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Published on 2/28/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Tethys Oil to redeem 9½% bonds with revolving facility proceeds

By Tali Rackner

Norfolk, Va., Feb. 28 - Tethys Oil AB (publ) plans to redeem its SEK 400 million of 9½% bonds with the proceeds from a new senior revolving reserve-based lending facility, according to a notice.

The bonds will be redeemed at 104.5 plus accrued interest in early April.

Tethys Oil is a Swedish energy company. Its core area is in Oman.


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