Shelf Drilling Holdings Ltd, founded in 2012 and headquartered in Dubai, is dedicated to providing high-performance drilling services to the oil and gas sector. The company specializes in the operation of jack-up drilling rigs, offering an extensive fleet of modern, high-specification assets designed to enhance efficiency and safety for its clients in shallow water environments.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SHLFDI 9.63% 2029-04-15 USDShelf Drilling Holdings Ltd | United Arab Emirates | 2029-04-15 | 9.625 | 8.21 |
| SHLFDI 9.63% 2029-04-15 USDShelf Drilling Holdings Ltd | United Arab Emirates | 2029-04-15 | 9.625 | 8.16 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Shelf Drilling began its bond issuance in 2018 with a notable offering of $500 million in senior unsecured notes which were used to fund its growth initiatives and strengthen its balance sheet. As of October 2023, the company's bonds have maintained yields that remain competitive within the drilling sector, reflecting investor confidence. In a significant move, they also conducted a refinancing in 2021 to reduce debt costs, and the bonds feature protective covenants, making them a point of interest for retail investors.