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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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