Faroe Petroleum Mulls £75m Bond Issue

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Aberdeen-based oil firm Faroe Petroleum has authorised advisors to arrange investor meetings with a view to issuing a £75million, five-year unsecured bond. London-listed Faroe said any debt raised would support its efforts to increase production, but that there could be “no certainty” that a transaction would happen. A spokesman for Faroe said: “We have mandated Danske Bank, DNB…

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