Genel Energy PLC (LSE:GENL, OTC:GEGYY) has confirmed the close of its bond buy-back tender, which has seen the London-listed oil company agree to acquire bonds representing US$16.2 million.
The company, in a stock market statement, noted that the maximum price accepted in the process equated to 93.5p in the £1.
Cash settlement for the bonds, including accrued interest, is expected to occur on Friday 13 October.