USD 92.5919

+0.02

EUR 100.2704

-0.14

Brent 86.28

+0.59

Natural gas 1.743

+0.03

599

Bashneft places exchange-traded bonds worth 10 billion roubles

Today, Bashneft has placed series BO-02 exchange-traded bonds with a par value of 10 billion roubles, with the coupon rate of 10.5% per annum and a put option in 2023.

Bashneft places exchange-traded bonds worth 10 billion roubles

Today, Bashneft has placed series BO-02 exchange-traded bonds with a par value of 10 billion roubles (ID number of the issue: 4B02-02-00013-A dated August 29, 2011), with the coupon rate of 10.5% per annum and a put option in 2023.

On May 23, 2016, Bashneft bought out two issues of exchange-traded bonds (series BO-04 with a put option in 2020 and series BO-07 with a put option in 2021) in full (10 billion roubles) before their maturity date. Series BO-04 and series BO-07 exchange-traded bonds had a coupon of 12% and 12.1% per annum respectively.

Transactions in bonds will enable the Company to extend the tenor of debt considerably, to achieve a flatter repayment profile and to reduce the average cost of debt.

CJSC Sberbank CIB acted as the agent for the buyback and the arranger of placement of the new exchange-traded bond issue.


Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru