Published on 4/8/2014 in the Prospect News High Yield Daily.
New Issue: Gulf Keystone sells $250 million three-year notes at par to yield 13%
By Christine Van Dusen
Atlanta, April 8 - 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.
|
| Amount: | $250 million
|
| Maturity: | April 18, 2017
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Pareto Securities
|
| Coupon: | 13%
|
| Price: | Par
|
| Yield: | 13%
|
| Trade date: | April 8
|
| Settlement date: | April 18
|
| Distribution: | Rule 144A and Regulation S
|
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