Nigeria: Afren Has 'Rich Acquisition Pipeline' After Bond Sale, CEO Says

Lagos — Afren Plc (AFR), a U.K. oil and gas explorer focused on Africa, has a "very rich acquisition pipeline" after exceeding a target for bond sales, Chief Executive Officer Osman Shahenshah said.

The company raised $500 million in a bond sale last month, beating a goal of $450 million, following "very strong demand" from investors, he said.

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