Orient Petroleum is seeking to place a private bond paying between 8% and 10% to finance the launch and expansion of its oil and gas activities in Nigeria. The Bond is structured to provide a 2 year grace period over which time interest is accrued. At the end of it Orient is expected to begin to pay interest. In addition, Orient expects to offer a conversion into equity of outstanding obligations contingent on Orient achieving key development milestones.
Watch this presentation first showcased at the Investing in Nigeria diaspora finance symposium