ShaMaran Announces Successful Placement of New USD 300 Million Bond
Vancouver, BC, July 16, 2021 /CNW/ - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE: SNM) (NASDAQ First North: SNM) is pleased to announce that a new USD 300 million bond, with 4-year tenor has been priced at 12% fixed semi-annual coupon. The new bond is issued at 98.5% of nominal value which is applicable to both new money under the Initial Issue Amount of USD 111.5 million and the refinancing of existing debt under the Tap Issue. Settlement of the Initial Issue Amount is expected to be on July 30, 2021. The proceeds from the bond issue will be used to refinance USD