01:20 AM EST, 11/04/2026 (MT Newswires) -- Pearl Petroleum Co. Ltd., a five-member consortium jointly operated by Dana Gas (ADX:DANA) and Crescent Petroleum, issued a $500 million senior secured bond, according to a Wednesday release. The bond, which was 1.7 times subscribed, carries a fixed coupon of 10.375% per annum until its maturity in November 2031. The Abu Dhabi-listed natural gas company said proceeds are earmarked for debt refinancing, funding of debt service reserve arrangements, further development at Khor Mor and Chemchemal, and general corporate purposes. The consortium develops natural gas assets in the Kurdistan region of Iraq.

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