DNO ASA Announces New Bond Offerings and Investor Meetings
DNO ASA Engages Market Coordinators for Investor Meetings
DNO ASA, a leading oil and gas operator in Norway, is set to host fixed income investor meetings. This initiative is being organized by DNB Markets, a division of DNB Bank ASA, along with Pareto Securities AS, who both act as Global Coordinators and Joint Bookrunners. Additionally, Clarksons Securities AS, Fearnley Securities AS, and SpareBank 1 Markets AS are collaborating as Co-Lead Managers.
Anticipated Bond Issue
The meetings aim to pave the way for a potential new senior unsecured bond issue with a five-year tenor. This forthcoming bond issuance is anticipated to mirror the terms of DNO05. Depending on market conditions and the acceptance of terms proposed, DNO ASA may proceed with this bond offering in the near future.
Refinancing Existing Bonds
A primary motivation behind the new bond issue is to refinance the DNO04 senior unsecured bonds, which are set to mature in September 2026. The new bond will also serve general corporate purposes. If the bond placement is successful, the company plans to issue a call notice to redeem the existing DNO04 bonds at the current call price.
Company Overview
DNO ASA is deeply entrenched in the oil and gas sector, functioning in regions such as the Middle East, the North Sea, and West Africa. Since its inception in 1971, DNO has established a strong presence in various oil and gas markets. The company is publicly traded on the Oslo Stock Exchange and is involved in exploration and production activities across a diverse range of onshore and offshore licenses in the Kurdistan region of Iraq, Norway, the UK, Côte d'Ivoire, the Netherlands, and Yemen.
Corporate Communication Channels
For further detailed insights or inquiries, the company encourages communication through their dedicated channels:
- Media Inquiries: media@dno.no
- Investor Relations: investor.relations@dno.no
Final Remarks
This information reiterates DNO ASA's commitment to keeping its investors informed about financial maneuvers and growth strategies. The company's ongoing efforts to engage with investors through meetings signify its proactive approach to maintain transparency and strengthen investor relations.
Frequently Asked Questions
What type of bond is DNO ASA planning to issue?
DNO ASA is looking to issue a senior unsecured bond with a five-year tenor.
What is the purpose of the new bond issue?
The primary aim is to refinance existing debts and support general corporate purposes.
Who are the financial institutions involved in the bond offering?
DNB Markets and Pareto Securities AS are the Global Coordinators, with additional support from other securities firms.
In which regions does DNO ASA operate?
DNO ASA operates in the Middle East, North Sea, and West Africa, focusing on exploration and production activities.
How can investors contact DNO ASA for further information?
Investors can reach out via email at investor.relations@dno.no for inquiries related to investor relations.
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