Pearl Petroleum hires banks for debut dollar bond - document - Reuters

Pearl Petroleum hires banks for debut dollar bond - document - Reuters:

Pearl Petroleum, a consortium majority-owned by Abu Dhabi-listed Dana Gas and its affiliate Crescent Petroleum, has mandated three banks for a debut U.S. dollar-denominated bond issue, a document issued by one of the banks showed.

BofA Merrill Lynch and Morgan Stanley have been hired as joint global coordinators and joint bookrunners with SHUAA Capital as “co-manager” for the deal planned after investor meetings in London, U.S., UAE, Singapore and Hong Kong starting on Oct. 14.

Pearl Petroleum is a hydrocarbon producer operating in the Kurdistan Region of Iraq, where it fuels around 75% of power generation.