Zen bond19 Jan 2020 21:47
Looks like Zen is starting to draw on that bond facility, Another cheque book opened with no regular income. Starts at 10% unsecured, seems a bit steep
https://newsweb.oslobors.no/message/493564
“Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to announce the upcoming issuance of the following unsecured, multi-currency Euro Medium Term Notes at par value (the “Notes”):
• EURO 1,000,000 bearing an interest of 10.125 per cent per year (the “EUR-Notes”)
• GBP 1,000,000 bearing an interest of 10.50 per cent per year (the “GBP-Notes”)
• USD 1,000,000 bearing an interest of 10.375 per cent per year (the “USD-Notes”)
• CHF 1,000,000 bearing an interest of 10.00 per cent per year (the “CHF-Notes”)
The subscription period will commence on January 21, 2020. The intended issue date of the Notes is January 27, 2020.“