Oslo, 29 May 2015 - DNO ASA, the Norwegian oil and gas operator, is contemplating the issuance of USD 400-500 million of new, five-year senior unsecured bonds. The net proceeds from the contemplated bond issue would be used to refinance existing bonds, fund field development costs or for other general corporate purposes.
ABG Sundal Collier, DNB Markets, Fearnley Securities and Pareto Securities are engaged as joint lead managers and bookrunners for the contemplated bond issue.
DNO is a Norwegian oil and gas operator focused on the Middle East and North 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, Yemen, Oman, the United Arab Emirates, Tunisia and Somaliland.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.