DUBAI - Brooge Petroleum and Gas Investment Company, a subsidiary of Brooge Energy, issued $200 million in senior secured bonds with a borrowing limit of $250 million in the Nordic bond market, the firm said in a statement on Friday.

The debut bond issuance has a five-year maturity and will be used, among other things, to repay existing bank debt as the company expands it oil storage business, the company said.

U.S.-listed BPGIC, established in 2013, is one of the largest holders of storage assets in Fujairah in the United Arab Emirates.

(Reporting by Rania El Gamal; Editing by Catherine Evans) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: @RaniaElGamal10))