Tullow Oil to offer $650 million of seven-year bondsStaff Writer | March 12, 2018
Tullow Oil said that it plans to offer $650 million of seven-year bonds.
Oil exploration Tullow said it had net debt of $3.5bn
Interest will be payable semi-annually and Tullow said the interest rate, offering price and other terms will be determined at the time of pricing of the offering, subject to market conditions.
In its full-year results for 2017 last month, Tullow said it had net debt of $3.5bn with facility headroom including free cash of $1.1bn. ■