24th Jan

First Launch of 2013 as EnQuest Announces 5.5% Retail Bonds

Independent North Sea oil producer EnQuest has launched a long-dated unrated 5.5% retail bond, due in 2022.

The bonds pay a fixed gross rate of interest with twice yearly coupons paid on 15th August and 15th February, with the first coupon payment being made on 15th February 2013.

The unsecured debt is senior and unsubordinated and is issued with a minimum initial subscription of £2000.

The £1bn FTSE250 company focuses on realising the potential in mature assets and in undeveloped oil fields, and was established through combining the UK North Sea assets and operations of Lundin Petroleum AB and Petrofac Limited.

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