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Apr 29 2021, 08:35 IST/BST
Tullow Oil has announced that it is issuing a $1.8bn senior bond and has received substantial additional liquidity commitments of $600m. Combined with existing cash, the company can redeem all financial commitments due by 2024 at par. This simplifies its financial position and does not require any new equity.
Apr 29 2021, 08:35 IST/BST