EnQuest looks to tap investors
Although no specific target has been set, it is thought the firm is looking to raise in the order of £100 million in the offer.
EnQuest chief executive Amjad Bseisu said the bond would diversify its funding base and “complement our already strong balance sheet”. The bond will pay a fixed gross rate of interest of 5.5 per cent per annum until 2022.
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Hide AdThe minimum initial subscription is £2,000 and the offer period will run until 8 February although it could close earlier depending on demand.
The launch of a trading facility in London last year opened the bond market to retail investors.