ShaMaran prices $200 million five-year bonds at 10.25% coupon
ShaMaran Petroleum placed $200 million of five-year senior unsecured bonds at a 10.25% coupon to refinance its 2029 bond and fund Hamrin field investments in Iraq.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Oil and gas company ShaMaran Petroleum has announced the placement of $200 million in new five-year senior unsecured bonds carrying a 10.25% annual coupon, according to a release published via PRNewswire and reported by TradingView. The company said demand from international investors was significantly higher than the offered volume.
Proceeds will be used to refinance the existing 2029 bond, of which about $144 million is outstanding, and to fund investments in the Hamrin field in Federal Iraq and general corporate needs. Settlement is expected on or about November 5, 2026. The company plans to call the old bond at the prevailing call price after settlement.
Chief Financial Officer Elvis Pellumbi said the refinancing should lower annual interest costs and extend the debt maturity. The company plans to publish results for the quarter ending September 30, 2026, on November 9, 2026.
why it matters
For the oil sector this shows that smaller independent producers can still access debt markets, though the 10.25% coupon points to expensive borrowing. The company also has a contemplated combination with Gulf Keystone Petroleum pending approvals, which could shape its future investment plans.
tags
instruments
sources
- ShaMaran Announces Successful Pricing of Bond Issuance — TradingView, 21 October 2026 at 19:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗