Gulf Keystone issues $50m bond

Key

Keystone Petroleum, the Aim-listed oil and gas explorer with FTSE 250 ambitions, yesterday said it has issued $50m (£31m) bonds priced at par, which will be consolidated with a $275m debt facility issued in October 2012. The funds raised will be used to help the firm reach its production target of 40,000 barrels of oil per day at the Shaikan discovery in the Kurdistan Region of Iraq.