By Kyle Morris

Shares in President Energy PLC rose Wednesday after the company said its Argentine subsidiary has issued an oversubscribed $9.0 million corporate bond, and use the money on capital expenditure in the country and for working capital.

Shares at 0942 GMT were up 0.2 pence, or 8.7%, at 2.50 pence.

The London-listed energy company said the bond will be listed in Argentina.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

November 24, 2021 04:57 ET (09:57 GMT)

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