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Afren to raise funds
Fri, 26th Nov 2010 07:07
Africa-focused oil and gas company Afren is to raise fresh funds through the issue of senior secured notes.The interest rate, offering price and other terms will be determined at the time of pricing of the offering, subject to market conditions.The proceeds from the offering will be used to repay debts and for general corporate purposes. The company said revenue in the first nine months of 2010 rose to $265.7m from $252.2m the year before.Profit before tax during the period was $75.3m, versus a loss of $7.6m the year before.
Latest AFR News
- Sunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
11 Oct 2015 - Afren Tries To Reassure Shareholders As It Puts Assets Up For Sale
11 Aug 2015 - UPDATE: Afren Exits London Stock Exchange As Shares Are Delisted
10 Aug 2015 - UPDATE: Afren Exits London Stock Exchange As Shares Are Delisted
10 Aug 2015 - Afren Exits London Stock Exchange As Shares Are Delisted
10 Aug 2015 - Afren placed in administration after refinancing talks fail
31 Jul 2015 - LONDON MARKET MIDDAY: Resource Stocks Weigh Down FTSE 100
31 Jul 2015 - Final Nail In The Coffin For Afren As It Enters Administration
31 Jul 2015
Related News
11 Oct 2015
Sunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
(ShareCast News) - The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks...
AFR.L News
11 Oct 2015
Sunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
(ShareCast News) - The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks...
31 Jul 2015
Afren placed in administration after refinancing talks fail
(ShareCast News) - Embattled African oil company Afren, which earlier in July suspended its shares amid uncertainty over its financial position, has b...
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