Tullow Oil Plc to Invest $1 billion in Exploration and Appraisal in Kenya and Other 4 Countries

Tullow Oil (LON:TLW) will issue $500 million (₤300 million) in senior notes to raise funds. The funds are required for debt settlement under its credit facilities. The company projects the interest on the notes will be paid semi-annually. The $500 million (₤300 million) senior notes will have a maturity date in 2022. Tullow Oil discovered oil in...