By Jennifer Chiou
New York, Aug. 6 - OAO Lukoil said it completed a stock exchange offering of BO-01, BO-02, BO-03, BO-04 and BO-05 series bonds, each worth RUB 5 billion.
ZAO Troika Dialog Investment Co. arranged the offering.
The bonds, placed at Micex, will mature in three years and have a coupon of 13.35%.
Lukoil said that during bookbuilding it received 126 investors' offers with coupon rates ranging from 12.3% to 14.5%. The total demand reached RUB 65.85 billion.
Proceeds will be used to replenish the company's working capital.
The issuer is a Moscow-based oil and energy company.
| Issuer: | OAO Lukoil
|
| Issue: | Notes
|
| Amount: | RUB 25 billion
|
| Maturity: | Three years
|
| Coupon: | 13.35%
|
| Price: | Par
|
| Yield: | 13.35%
|
| Settlement date: | Aug. 10
|
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