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SIBUR successfully borrowed USD 500 mln on the international market

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.

Issue: SIBUR Holding, 3.45% 23sep2024, USD

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingRussia09/23/2024500,000,000 USDBaa3/-/BBB-

Company: SIBUR

Full company nameopen joint stock company SIBUR
Country of riskRussia
Country of registrationRussia
IndustryChemical and petrochemical industry

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