Xcite Energy lists its first bond issue on Oslo Børs

Energy, Markets, Stock Markets — By on July 15, 2014 at 8:04 AM

oslo bors15/07/2014 – Xcite Energy Resource lists its first bond issue on Oslo Børs today.

Xcite Energy Limited is a heavy oil appraisal and development company, with current interests in six blocks in the UK North Sea, all of which are held with 100% working interests through its wholly-owned UK subsidiary, Xcite Energy Resources Limited.

The bond loan that is admitted to listing today – Xcite Energy Resource 14/16 12, 00% USD C – is an issue of USD 135 million with a fixed interest rate of 12 %, with maturity in June 2016. Pareto Securities is the manager for the issue.

The Norwegian bond market is growing strongly, and an increasing number of companies are raising loan capital on the Oslo Børs fixed income marketplaces. Companies with bonds and certificates listed on Oslo Børs and Nordic ABM marketplaces have raised more new loan capital this year than ever before.

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