Seplat Petroleum sets roadshow for debut five- or seven-year notes

By Rebecca Melvin

New York, Feb. 28 – Nigeria’s Seplat Petroleum Development plc plans to begin fixed-income investor meetings for an offering of five- or seven-year U.S. dollar-denominated notes (B-), marking the company’s first foray into the international debt market, according to market source on Wednesday.

Meetings are slated to begin in London on Thursday and Friday, in New York on Monday, in Boston on Tuesday and with investor calls on March 7.

Citigroup, Standard Bank and Standard Chartered Bank are joint global coordinators for the Rule 144A and Regulation S deal.

Proceeds are earmarked to refinance existing debt and for general corporate purposes.

Seplat is a Nigerian oil and gas exploration and development company.

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