PERTH (miningweekly.com) – Oil and gas major Santos has priced a $850-million senior unsecured fixed rate bond transaction in the US market.
The bonds have been priced at a fixed coupon rate of 6.875% for a period of ten years, maturing in September 2033.
MD and CEO Kevin Gallagher told shareholders that the transaction was an excellent result for the company.
“This demonstrates continuing strong support from the capital markets and ensures our balance sheet is well positioned to deliver on our strategy,” Gallagher said.
Funds raised will be used for general corporate purposes.