DNO ASA ( (GB:0MHP) ) has provided an announcement.
DNO ASA has successfully completed a USD 600 million private placement of five-year senior unsecured bonds with an 8.5 percent coupon rate, which was significantly oversubscribed due to strong investor demand across US, Nordic, and international markets. The proceeds will be used to call the USD 350 million outstanding DNO04 bonds and for general corporate purposes, reflecting the company’s strong financial position and strategic growth following its acquisition of Sval Energi Group AS.
More about DNO ASA
DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea, and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds stakes in onshore and offshore licenses at various stages of exploration, development, and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands, and Yemen.
YTD Price Performance: 20.30%
Average Trading Volume: 153,218
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: NOK11.69B
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