Gulf Keystone Petroleum Prices Oversubscribed Issuance of $175 Million Bonds

01:07 AM EDT, 10/28/2026 (MT Newswires) -- Gulf Keystone Petroleum (GKP.L) priced an oversubscribed issuance of $175 million senior unsecured bonds at 98% of nominal value, according to a Tuesday release. The five-year bonds carry a 10.25% annual coupon rate. The UK-listed Iraqi oil and gas company will use proceeds to fund near-term capital expenditure, resume development of the Shaikan field, and meet general corporate needs. Settlement is expected on or about Nov. 10, subject to customary conditions. Gulf Keystone will make an application for listing of the bonds on the Euronext ABM market in Oslo.