Ithaca Energy North Sea Plc, founded in 2004 and headquartered in Aberdeen, Scotland, is a prominent independent oil and gas company focused on exploration and production in the North Sea. The company primarily specializes in the development of hydrocarbon resources, providing reliable energy solutions while aiming for sustainable growth and operational excellence.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IAECN 9.00% 2026-07-15 USDIthaca Energy North Sea Plc | United Kingdom | 2026-07-15 | 9.000 | 10.85 |
| IAECN 9.00% 2026-07-15 USDIthaca Energy North Sea Plc | United Kingdom | 2026-07-15 | 9.000 | 10.45 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Ithaca Energy began issuing bonds in 2017, with their inaugural issuance focusing on refinancing existing debt to optimize capital structures. Notably, the company raised $500 million in a 2020 bond offering, which was instrumental in funding acquisitions and enhancing liquidity. Currently, Ithaca’s bonds yield approximately 5.3%, competitive within the industry, reflecting their robust financial positioning. The bonds are known for features such as call options, enabling flexibility in management. Recent news highlighted Ithaca's commitment to sustainability, positioning them favorably in the evolving energy sector.