PARAMARIBO, Jan 31 (Reuters) - Suriname's state-owned
energy company Staatsolie on Friday launched a new offer of debt
bonds maturing in 2033, hoping to raise $250 million and 50
million euros ($52 million) to fund its participation in a key
project off the country's coast, the company said.
The company needs to raise some $2.4 billion through
different financing mechanisms, including up to $1.5 billion in
bank loans, to secure a 20% stake in Block 58, being developed
by France's TotalEnergies and U.S. firm APA Corp ( APA )
.
The flagship $12 billion Gran Morgu project is expected to
inaugurate offshore oil and gas output in Suriname, with first
production expected in 2028.
The bonds on offer have fixed interest rates of between
7.25% and 7.75%, with payments starting in September, said
Staatsolie's finance director, Agnes Moensi, during the launch.
"Every dollar more raised in bond, means a dollar less in
the bank loan," she said.
The company's overall investment plan includes up to $3.49
billion for onshore, offshore, refining and power projects
through 2033.
($1 = 0.9643 euros)