Gulf Keystone gears up for its first bond
OIL AND gas explorer Gulf Keystone Petroleum yesterday said that it has asked banks to line up investors ahead of an inaugural $250m (£150m) bond issue.
It has mandated Deutsche Bank and Pareto Securities to arrange a series of investor meetings in the US, Europe and Asia, from 20 March.
The Aim-listed firm, which starts trading on the main market next Monday, will use the cash to help it achieve its production target of 40,000 barrels of oil per day from the Shaikan oil field in Kurdistan.