Genel Energy Executes $75M Bond Call Option

Genel Energy (GB:GENL) has released an update.

Genel Energy has exercised a bond call option, redeeming $75 million of its outstanding $300 million bonds, reducing the balance to $225 million. The bonds, set to mature in October 2025, had a fixed coupon rate of 9.25%. This strategic move is likely to interest investors keeping an eye on Genel Energy’s financial maneuvers.

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