September 26, 2019 | Cbonds
|Yesterday SIBUR Holding (Baa3/BBB-/BBB-) through spv SIBUR Securities placed 5Y Eurobonds at USD 500 mln, coming back to the international market after almost a 2-year hiatus. The coupon is paid twice a year at a rate of 3.45% per annum; the initial benchmark was 3.75% per annum. The spread to UST – 175 b.p.|
Demand for the bonds exceeded USD 1 bln; 86 applications from investors were filed. The Russian investors showed the greatest interest and bought 41% of the issue, investors from mainland Europe bought 26% of the issue, from the Middle East and North Africa – 15%, from the UK – 11%, from the US – 7%. The funds and the MCs bought 51% of the issue, banks – 49%.
At the moment, SIBUR Holding has a new 5Y Eurobond issue in circulation and another 5Y issue placed at the end of September 2017. Both issues were listed on the Irish stock exchange.
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||open joint stock company SIBUR|
|Country of risk||Russia|
|Country of registration||Russia|
|Industry||Chemical and petrochemical industry|