ShaMaran Petroleum prices $200M five-year bonds at 10.25% coupon
ShaMaran Petroleum set a 10.25% coupon on $200M of five-year senior unsecured bonds to refinance 2029 notes and fund the Hamrin project.
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what happened
According to TradingView, citing a press release from ShaMaran Petroleum, the company priced $200M of five-year senior unsecured bonds with a 10.25% coupon. Settlement is expected on or about November 5, 2026, subject to conditions.
Proceeds will be used to call roughly $144M of 2029 bonds and to fund Hamrin investments and general corporate purposes. The issue was reported as oversubscribed. The company also plans to list the bonds on Euronext ABM.
why it matters
The deal reduces near-term refinancing risk and shows how the market prices the company's credit. A 10.25% coupon signals fairly expensive debt, so replacing the 2029 notes could lower interest costs. For energy investors, it shows that smaller oil producers with Iraqi growth projects can still access capital.
market impact
Energy: the company funds Iraq growth and lowers refinancing risk on its debt
tags
instruments
sources
- ShaMaran Petroleum Ltd. (SNM) Prices $200M 5-Year Bonds at 10.25% — TradingView, 21 October 2026 at 19:30 UTC
- ShaMaran Petroleum Ltd. (SNM) Prices $200M Bond at 10.25% — TradingView, 21 October 2026 at 19:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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