Geo Energy to issue USD notes
Friday, July 7 2017 - 08:16 AM WIB
SGX-listed coal mining firm Geo Energy Resources Limited reported on Friday that its wholly owned subsidiary Geo Coal International Pte. Ltd. is proposing to issue U.S. Dollar-denominated fixed rate senior notes due 2022, to be unconditionally and irrevocably guaranteed by the company and certain of its subsidiaries.
The Issuer has mandated J.P. Morgan and Deutsche Bank as Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers and BOC International as Joint Bookrunner and Joint Lead Manager to arrange a series of fixed income investor meetings in Asia, Europe and the United States,commencing on 10 July 2017.
The Offering is subject to market conditions, the company said.
The Company is rated ?B+/STABLE? by Fitch Ratings, ?B/STABLE? by Standard and Poor?s Ratings Services and ?B2/STABLE? by Moody?s Investors Service.
An announcement will be made by the Company of the definitive terms of the Notes following pricing, it said.