UAE-backed Pearl Petroleum raises $500mln via senior secured bond

Khor Mor gas processing plant operated by Pearl Petroleum.
Image courtesy: Dana Gas / Handout via Zawya

Net proceeds will be used to refinance the company’s existing $350mln senior secured bonds

Staff Writer

, 
ZAWYA

The UAE-backed Pearl Petroleum has raised $500 million in debt through a senior secured bond issuance, priced at par with a 10.375% coupon, paid semi-annually.

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