http://oilbarrel.com/news/premier-oil-and-enquest-tap-bond-market...

http://oilbarrel.com/news/premier-oil-and-enquest-tap-bond-markets-for-cash-1



Oil and gas companies may be out of favour with the equity markets but there is still investor appetite to back a sector underpinned by US$110 per barrel oil prices. Companies are now looking to tap into this confidence by issuing retail bonds, adding diversity to the funding base and securing access to long term fixed rate funding.

Recent weeks have seen a flurry of bond issues. FTSE250 company Premier Oil has launched five per cent sterling bonds due 2020, with first coupon payment due June 2014. The issue is being led by Barclays, Canaccord Genuity and Lloyds Bank. There's an minimum initial subscription of £2,000 and the bonds will be traded on the LSE's regulated market and through the electronic Order Book for Retail Bonds.