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Tullow Oil Raises $1.8bn via New Bond

Tullow Oil Raises $1.8bn via New Bond

African oil company Tullow Oil raised $1.8bn via a 5Y bond, priced on Friday at a yield of 10.25%. The bonds received combined orders of over $4.2bn, ~2.3x issue size. JP Morgan, Standard Chartered Bank, DNB ASA, ING Bank, Standard Bank were the bookrunners. Tullow...
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