By Reshmi Basu
New York, Dec. 14 - OAO LUKoil said it raised RUR 14 billion by issuing RUR 8 billion of five-year domestic bonds and RUR 6 billion of seven-year domestic bonds (BB+/Baa2/BBB-).
The five-year series 03 bonds priced at par with a coupon of 7.10%. The seven-year series 04 bonds also priced at par to carry a coupon of 7.40%.
The issue was offered through an open subscription by tender at the Moscow Interbank Currency Exchange.
Meanwhile investors submitted 152 bids totaling RUR 20 billion. The company also noted that this was the first Russian non-government company to successfully place bonds with a seven-year tenor.
ABN Amro Bank, Dresdner Kleinwort and Renaissance Capital were the underwriters for the placement.
The issuer is a Moscow-based oil company.
| Issuer: | OAO LUKoil
|
| Issue: | Two-part domestic bond issuance
|
| Total amount: | RUR 14 billion
|
| Pricing date: | Dec. 14
|
| Underwriters: | ABN Amro Bank, Dresdner Kleinwort, Renaissance Capital
|
|
|
| Series 03
|
| Amount: | RUR 8 billion
|
| Issue: | Domestic bonds
|
| Maturity: | 2011
|
| Coupon: | 7.10%
|
| Issue price: | Par
|
|
|
| Series 04
|
| Amount: | RUR 6 billion
|
| Issue: | Domestic bonds
|
| Maturity: | 2013
|
| Coupon: | 7.40%
|
| Issue price: | Par
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
