SINGAPORE (Yosefardi) – KrisEnergy Ltd., an independent upstream oil and gas company, has successfully priced an aggregate amount of S$200 million 5.75% Notes due 2018 under the S$500 million Multicurrency Medium Term Notes Program (MTN Program) established on 26 May 2014.
The 2018 Notes, which drew strong demand from institutional funds and private banks, were eight times subscribed. The 2018 Notes are the second issue under the MTN Program. On 9 June 2014, the company issued S$130 million 6.25% Fixed Rate Notes due 9 June 2017.
KrisEnergy has acquired a non-operated interest in Block A Aceh, the transaction for which is pending government approval and, once approvals are received, will increase the portfolio to 19 contract areas.