Chesapeake Energy (CHK) is selling EUR 400MM worth of senior notes on the Irish Stock Exchange. Interesting play.
The money will be used to pay down revolving debt, hard to complain about that. They indicated there is strong "demand on the continent" for opportunities to invest in their company and that this move was urged by their debt underwriters. It's a strong-euro kind of market these days, so your guess is as good as mine: do they expect a strong dollar by 2016, or is this just one more point to make in the "petroeuro" case?
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