Serica Energy shares rise on bond financing talk

Serica Energy PLC (AIM:SQZ) shares traded higher on Friday, climbing 4.2% to 282.8p, after it announced it is preparing fixed income investor meetings for a possible five-year senior unsecured bond, as the North Sea producer looks to refinance drawn bank debt while preserving balance-sheet flexibility. The company said any bond issue would be subject to market conditions and suitable terms.