Rex International Holding Limited announced on Dec, 8 2025 that its wholly owned subsidiary, Jasmine Energy Limited, has raised approximately 34 million Singapore dollars in senior secured bonds with a three-year tenor.
The proceeds will be used to finance a three-well drilling programme in the Yumna Field, Block 50, Oman, scheduled to start in the first quarter of 2026, and for general corporate purposes of Masirah Oil Ltd, an 87.5 per cent indirect subsidiary of Jasmine Energy.
Settlement of the bonds is expected on Dec, 12 2025. The bonds carry a 14 per cent coupon, with closing and draw-down subject to customary conditions and approvals.
Fearnley Securities AS acted as Sole Global Coordinator and Bookrunner for the transaction.
Comments