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Fugro signs loan agreement with EMGS

Fugro N.V. today announced that it has entered into an agreement to purchase USD 20 million worth of senior secured bonds issued by Electromagnetic Geoservices ASA (EMGS).

20 Jul 2010  
Leidschendam, Netherlands

This represents Fugro’s continuing interest to establish marine electromagnetics as a valuable tool in oil and gas exploration. The callable bonds yielding quarterly coupons of LIBOR + 8% have a nominal duration of 3.5 years and are secured against revenue from the programme of work for PEMEX recently awarded to EMGS.

For more information

Media

Edward Legierse
Contact 
+31 (0) 70 31 11147

Investors

Catrien van Buttingha Wichers
Contact 
+31 (0) 70 31 15335

 

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