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    Fugro signs loan agreement with EMGS

    Company News // July 30, 2010

    On July 20th Fugro in The Netherlands announced that it had entered into an agreement to acquire US$20 million worth of senior secured bonds issued by EMGS.

    Said Fugro: "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." 

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