Oil and gas company Afren PLC (AFR.LN) priced a $300 million, senior secured bond, maturing April 2019, one of the banks running the deal said Thursday.

BNP Paribas SA, Deutsche Bank AG and Goldman Sachs Group Inc. were lead managers on the deal, which has the following terms:

 
Amount:           $300 million 
Maturity:         April 8, 2019 
Coupon:           10.25% 
Reoffer Price:    99.976 
Payment Date:     March 8, 2012 
Spread:           880.2 basis points over the 1.375% February 2019 U.S. Treasury 
Yield:            10.25% 
Debt Ratings:     B (Standard & Poor's) 
                  B (Fitch) 
Denominations:    $1,000; $200,000 
Listing:          Luxembourg 
Interest:         Semiannual 
 

-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com

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