Published on 4/8/2014 in the Prospect News Emerging Markets Daily.
New Issue: Iraq-focused Gulf Keystone sells $250 million three-year notes at par to yield 13%
By Christine Van Dusen
Atlanta, April 8 - Iraq-focused Gulf Keystone Petroleum Ltd. priced $250 million three-year notes at par to yield 13% on Tuesday, a market source said.
Deutsche Bank and Pareto Securities were the bookrunners for the Rule 144A and Regulation S deal.
London-based Gulf Keystone is an independent oil and gas exploration, development and production company focused on exploration in the Kurdistan Region of Iraq.
Issuer: | Gulf Keystone Petroleum Ltd.
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Amount: | $250 million
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Maturity: | April 18, 2017
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Description: | Notes
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Bookrunners: | Deutsche Bank, Pareto Securities
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Coupon: | 13%
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Price: | Par
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Yield: | 13%
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Trade date: | April 8
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Settlement date: | April 18
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Distribution: | Rule 144A and Regulation S
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