Genel Energy Exercises Bond Call Option

Genel Energy plc has announced its decision to exercise the call option on its outstanding bond, maturing in October 2025. The bond, under ISIN NO 0010894330, carries a fixed coupon rate of 9.25% per annum. The outstanding amount before the call is $66 million. The settlement for this call option is scheduled for 14 April 2025. This action aligns with Genel's recent placement of a new $100 million senior unsecured bond, which will mature in April 2030.

The announcement reflects Genel's strategic financial management, potentially improving its long-term financial structure. The company's decision may influence its bondholders and investors by providing a clearer financial path over the coming years. Genel Energy is noted for its social responsibility and is listed on the London Stock Exchange.