Afren: Another bond default in prospect


Issue 302 - 12 Jun 2015 | 1 minute read

Already in default on $12.8m of interest on its 2019 bonds, Afren said on 9 June it had decided to use a 30-day grace period for $11.9m of interest on its 2020 bonds. The interest was due on 9 June, and Afren warned that it did not anticipate paying the interest at the end of the 30 days. Afren said it had received assurances from a committee of creditors that they had no plans to take enforcement action on the bonds.

Tagged with:

Pin Resources

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register