Lime Petroleum Holding AS, a subsidiary of Rex International Holding Limited, has appointed ABG Sundal Collier ASA as its exclusive manager to organise fixed income investor meetings. This move could lead to a new Norwegian Krone (NOK) denominated senior secured bond issue, contingent on market conditions and favourable terms. The bond, with a proposed three-year tenor, aims to support the development of assets in Germany and other corporate purposes.
The new bond will hold the same rank as Lime Petroleum’s existing bond, identified by ISIN NO0012559246. This strategic financial manoeuvre underscores Lime Petroleum’s commitment to expanding its operations in Germany, leveraging its proprietary Rex Virtual Drilling technology to de-risk exploration and development assets.
Rex International Holding, listed on the Singapore Exchange, is a technology-driven oil exploration and production company with interests in Norway, Germany, Oman, and Benin. The company has successfully made four offshore discoveries since its listing in 2013, highlighting its expertise in the sector.
The engagement of ABG Sundal Collier ASA marks a significant step for Lime Petroleum as it seeks to secure funding for its ambitious projects. The outcome of the investor meetings and subsequent bond issue will be pivotal in determining the company’s future growth trajectory in the European market.
