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Bonds News

New Issue-Tristan Oil adds $120 mln in 4.5-year notes

 June 7 (Reuters) - Tristan Oil Ltd. on Thursday added $120
million to its existing 10.50 percent senior secured notes due
January, 2012 in the 144a private placement market, a market
source said.
 Jefferies & Co. was the sole lead manager for the sale.
BORROWER: TRISTAN OIL LTD.
AMT $120 MLN        COUPON 10.50 PCT  MATURITY 1/1/2012     
TYPE SR SEC NOTES   ISS PRICE 100*    FIRST PAY 7/1/2007    
MOODY'S B2          YIELD 10.50 PCT   PAY FREQ SEMI-ANNUAL  
S&P B-PLUS          SPREAD 553 BPS/   NON-CALLABLE 2.1 YEARS**
FITCH N/A             4.625% DEC 2011
 *PLUS ACCRUED INTEREST FROM 12/20/2006
 **EQUITY CALL FOR 35 PCT AT 110.50 UNTIL 7/1/2009

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