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Company Premier Oil PLC
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PREMIER OIL PLC LAUNCHES 5% STERLING BOND DUE 2020

Released 08:00 25-Nov-2013
Number 8137T08

RNS Number : 8137T
Premier Oil PLC
25 November 2013
 



25 November 2013

 

The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man.  Neither this announcement nor any copy of it may be taken or transmitted into the United States, Australia, Canada, Japan or the Republic of Ireland or to a resident, national or citizen of the United States, Australia, Canada, Japan or the Republic of Ireland.  The Bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958 and the Financial Services (Jersey) Law 1998.

 

 

PREMIER OIL PLC LAUNCHES 5% STERLING BOND DUE 2020

 

("Premier")

 

Premier, the FTSE250 international oil and gas exploration and production company, has today launched an offer of 5% Sterling Bonds due 2020 (the "Bonds"), available to wholesale and retail investors.

 

The Bonds will pay a fixed rate of interest of 5% per annum, payable twice yearly on 11 June and 11 December of each year with the first coupon payment being made on 11 June 2014 and the Bonds maturing on 11 December 2020. The Bonds will be guaranteed by certain operating subsidiaries of Premier.

 

At any time during the life of the Bond, investors are permitted to sell the Bonds (within market hours and in normal market conditions) on the open market through their stockbroker.

 

Barclays, Canaccord Genuity and Lloyds Bank will act as Joint Lead Managers on this issue.

 

The Bonds have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter. The offer period will open on 25 November 2013 and is expected to close at noon on 6 December 2013. Premier retains the right to close the offer early, in conjunction with the Joint Lead Managers.

 

The Bonds are expected to be listed on the UK Listing Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds.

 

 

The initial Authorised Distributors are:

 

·      Barclays Stockbrokers

·      Brown Shipley

·      Canaccord Genuity Wealth

·      Killik & Co

·      Redmayne Bentley LLP

·      Selftrade

·      Smith & Williamson

 

Simon Lockett, chief executive, Premier Oil, commented:

 

"We are delighted to announce the launch of Premier's debut sterling bond which will enable Premier to diversify its sources of debt finance."

 

 

-Ends-

 

 

For further information, please see Premier's website: www.premier-oil.com/bonds 

 

For media enquiries please contact:

                       

Premier Oil plc           

Simon Lockett

Tony Durrant

 

Tel: +44 (0)20 7730 1111

Bell Pottinger

Victoria Geoghegan

Elizabeth Snow

 

Tel: +44 (0)20 7861 3232

Lloyds Bank

Robert Greene

Marcus Coverdale

 

Tel: +44 (0)20 7626 1500

Barclays

Matthew Thomas

Henry Waite

 

Tel: +44 (0)20 7623 2323

 

Canaccord Genuity

Adrian Bell

Morton Llewellyn

Tel: +44 (0)20 7523 8000

 

 

IMPORTANT INFORMATION

The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase, any Bonds. Any purchase of Bonds pursuant to the offer should only be made on the basis of the information contained in the base prospectus dated 18 November 2013 which relates to Premier Oil plc's £500,000,000 Euro Medium Term Note Programme (the "Prospectus") and the final terms relating to the Bonds (the "Final Terms").  The Prospectus and the Final Terms are available, at the website of Premier Oil above and the website of the London Stock Exchange plc (www.londonstockexchange.com/newissues).

The Bonds have not been and will not be registered under the United States Securities Act of 1933 (as amended) (the "Securities Act") and, subject to certain exceptions, may not be offered or sold within the United States. The Bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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PREMIER OIL PLC LAUNCHES 5% STERLING BOND DUE 2020 - RNS