General Exploration to redeem 11½% senior secured bonds at 100.75

By Wendy Van Sickle

Columbus, Ohio, June 20 – General Exploration Partners, Inc. will exercise its call option to redeem all of its remaining 11½% senior secured bonds issue 2013/2018, according to a notice from trustee Nordic Trustee ASA.

The bonds will be redeemed a price of 100.75 with a settlement date of Aug. 1.

Based in George Town, the Cayman Islands, the issuer explores for, develops and produces crude oil and natural gas reserves in Iraq.

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