Seplat Petroleum Development Company Plc has launched a process to raise new debt capital from the international capital market to enable its debts and finance corporate growth plan.
In a regulatory filing, Seplat, which is quoted on the London Stock Exchange (LSE) and Nigerian Stock Exchange (NSE), stated that it had mandated major global investment bankers and financial institutions to launch the process.
According to the indigenous oil and gas company, Citi, J.P. Morgan, Standard Bank and Standard Chartered Bank were mandated as global coordinators while Natixis, Rand Merchant Bank and Société Générale were as mandated as bookrunning managers.
The professional parties were expected to organise a global investor call and one-on-one meeting with fixed-income investors, after which Seplat will issue new debts. (Nation)