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Rex: Jasmine Energy Raises US$25 Million In A Bond Issue For Oman Drilling Campaign.

08 Dec 2025 10:18

Rex International Holding Limited's subsidiary, Jasmine Energy Limited, has successfully raised US$25 million in senior secured bonds with a three-year tenor. The proceeds will be used to fund a drilling campaign of three wells in 2026 and for general corporate purposes by Masirah Oil Ltd, an indirect 87.5 per cent subsidiary of JEL. The settlement of the Bonds is expected to take place on 12 December 2025. The Bonds will carry a coupon of 14 per cent. Closing and draw-down are subject to certain conditions and approvals...

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Source: ShareInvestor Express