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Published on 12/10/2021 in the Prospect News Canadian Bonds Daily, Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

ShaMaran 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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