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Friday, October 24, 2014
Release
Singapore, 23 October, 2014 – Puma International Financing S.A. (the “Issuer”), a subsidiary of Puma Energy Holdings Pte. Ltd., announced today that it has issued EUR200 million of 4.50% Senior Notes due 2022 (the “Notes”) under a private placement.
The Notes have been admitted to listing on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. The Notes are guaranteed by Puma Energy Holdings Pte Ltd.
The net proceeds from the issuance of the Notes will be used to repay a portion of the Puma Energy Group’s existing indebtedness.
Denis Chazarain, CFO, Puma Energy said “Puma Energy’s ability to attract support for and conclude this private placement in the current market environment is a great confirmation of our business model and strategy. This financing will further extend our maturity profile and provide us with a natural hedge for our Euro-linked exposure”.
After Puma Energy’s inaugural issuance of Senior Notes due 2021 for USD750 million in January 2014 and its successful tap for USD250 million in July 2014, this further underlines the support Puma Energy is receiving in the capital markets. In 2014, Puma Energy has raised long term funding for a total of approximately USD1,250 million from institutional investors in the bond markets.
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