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Staatsolie to raise $250 mln, 50 mln euros through bonds maturing in 2033

ReutersJan 31, 2025 2:10 PM

- Suriname's state-owned energy company Staatsolie on Friday launched a new offer of debt bonds maturing in 2033, hoping to raise $250 million and 50 million euros to fund its participation in a flagship project off the country's coast, the company said.

The bonds on offer have fixed interest rates of between 7.25% and 7.75%, with payments starting in September. The company needs to raise up to $2.4 billion through different financing mechanisms to secure its 20% stake in Block 58, operated by TotalEnergies TTEF.PA.

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