DNO ASA Announces Trading Launch for USD 400 Million Bonds
Introduction to DNO ASA's New Bond Offering
DNO ASA, a prominent actor in the oil and gas industry, has made waves with its recent announcement regarding the commencement of trading for its 9.25% senior unsecured bonds, amounting to USD 400 million. This development represents a significant step for the company as it expands its financial instruments available on the Oslo Stock Exchange.
Details of the Bond Issuance
On a recent date, the Financial Supervisory Authority of Norway granted approval for DNO ASA’s bond prospectus, paving the way for a new chapter in the company's financial journey. These bonds were issued on 4 June 2024 and are set to mature in June 2029. Investors engaging in this offering will find the ISIN code, NO0013243766, essential for identification and trading purposes.
Trading Timeline and Expectations
The commencement of trading is anticipated to take place around a specific date, marking an exciting opportunity for investors interested in DNO ASA's future. With this offering, the company aims to enhance its market presence and provide more financial flexibility.
About DNO ASA
DNO ASA, established in 1971, is a Norwegian oil and gas operator recognized for its operations across the Middle East, North Sea, and West Africa. The company's extensive portfolio includes interests in both onshore and offshore licenses, with stakes spanning various stages of exploration, development, and production. Countries where DNO maintains operations include the Kurdistan region of Iraq, Norway, the United Kingdom, and others.
Strategic Growth and Future Plans
As DNO ASA expands its footprint in the oil market, the introduction of these bonds showcases its commitment to growth and innovation. The funds raised through the bond issuance are expected to contribute significantly to ongoing and future projects, solidifying DNO's position as a key player in the energy sector.
Contact Information
For those interested in more information about this bond offering or DNO ASA's operations, the company has provided direct contacts for media and investors. A media representative can be reached at media@dno.no, and inquiries from investors can be sent to investor.relations@dno.no.
Frequently Asked Questions
What type of bonds has DNO ASA issued?
DNO ASA issued 9.25% senior unsecured callable bonds worth USD 400 million.
When are these bonds set to mature?
The bonds are set to mature in June 2029.
Where can investors find more information about the bond?
Investors can access the bond prospectus via DNO ASA's official website.
In which regions does DNO ASA operate?
DNO ASA operates in the Middle East, North Sea, and West Africa.
How can I contact DNO ASA for inquiries?
Media inquiries can be sent to media@dno.no, while investor inquiries should be directed to investor.relations@dno.no.
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