Genel Energy PLC (LSE:GENL, OTC:GEGYY) announced it intends to buy back some US$20 million (face value) of its senior unsecured bonds, as it aims to exercise cash management.
The offer to bondholders commences today and will remain open until 15:00 on Wednesday 11 October.
“The company retains the full discretion to adjust the buy-back volume,” it noted in a statement.