SINGAPORE (Yosefardi) – KrisEnergy Ltd, an independent upstream oil and gas company, will begin the marketing and sale of a new issuance of notes under the Company’s S$500 million Medium Term Note Program (the MTN Program).
The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank have been appointed as Joint Lead Managers and Joint Bookrunners of the Notes.
The net proceeds arising from the issue of Notes will be used for planned capital expenditures to be incurred in the near term in connection with the development assets of the company and its subsidiaries, which will primarily include G10/48, G11/48, Cambodia Block A and Block A Aceh, as well as general corporate purposes.