Genel Energy Successfully Raises $35 Million via Bond Tap Issue

Genel Energy Finance 4 plc, a subsidiary of Genel Energy, has successfully executed a tap issue of its senior unsecured bonds, securing USD 35 million. These additional bonds were issued at a price of 104% of their nominal value. The offering attracted significant interest from both new and existing investors, highlighting confidence in the company's financial plans. The funds raised from this tap issue will be utilized for general corporate purposes. As a result, Genel Energy's total outstanding bonds will increase to USD 135 million. Pareto Securities AS served as the Manager and Bookrunner for the transaction.