Seplat issues $650m five-year senior notes

Seplat issues $650m five-year senior notes

Seplat issues $650m five-year senior notes   Seplat Petroleum Development Company Plc, a Nigerian independent energy company, said on Sunday that it had priced its offering of $650 million in aggregate principal amount of senior notes due 2026. It said the notes priced at a yield of 7.75 per cent, represented a significant pricing reduction from its $350 million debut issuance in 2018, which was priced at a yield of 9.50 per cent, with a coupon of 9.25 per cent. The company said in a statement, “The offering was well…

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Seplat Petroleum, Waltersmith Refinery sign crude purchase agreement

crude purchase agreement

Seplat Petroleum, Waltersmith Refinery sign crude purchase agreement   Seplat Petroleum Development Company Plc, has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited. According to a statement available to Business Metrics through the Nigerian Stock Exchange (NSE), Seplat stated: “The CPA is for the supply of between 2,000 and 4,000 bopd from existing working-interest production from the Ohaji South Field within OML53, for Waltersmith’s new 5,000 bopd modular refinery at Ibigwe Field, in Imo State.” Previously, Seplat’s share of Ohaji South crude was primarily evacuated to the…

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Seplat Petroleum transfersrAssests, OMLs 4, 38 and 41 to subsidiary

Seplat issues $650m five-year senior notes

Seplat Petroleum Development Company Plc, has announced the completion of transfer of the business activities and assets of OMLs 4, 38 and 41 from the Holding Company to its wholly owned Subsidiary, Seplat West Limited. Seplat is a leading Nigerian indigenous oil and gas company with dual listing on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE). Following regulatory and partner approvals, the transfer is effective January 1, 2020, it stated in a document on Thursday by Edith Onwuchekwa, company secretary/chief governance compliance officer, availing shareholders and the…

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