Vancouver-based ShaMaran Petroleum is issuing a US$150 million senior secured bond, with proceeds to be used to fund capital spending on the Atrush Block in Kurdistan. The bond was fully subscribed. Pareto Securities AB is serving as manager and bookrunner. ShaMaran holds a 20.1% interest in the block operated by TAQA Atrush B.V., a subsidiary of Abu Dhabi National Energy Company (39.9% WI). Marathon also holds a 15% interest and the Kurdistan government holding......
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