February 13, 2018 |
Russian oil company Bashneft has set the final guidance for a secondary placement of classic bonds of the sixth and eighth series worth 205.291 million rubles at 101.8%, a banking source told PRIME on Monday.
Initially, the company set the secondary placement’s offer at up to 15 billion rubles with the price guidance of no less than at par. Secondary placement is scheduled for Monday, the date of a buyback offer of the two bond issues.
Gazprombank and Russian Regional Development Bank will act as the organizers of the secondary placement.
The company placed the 10 billion ruble and 5 billion ruble 10-year bond issues in February 2013. The first coupon amounted to 8.65% annually. The coupon before maturity in January 2023 stands at 7.7% annually, which corresponds to a 7.85% yield to maturity.
Emission: Bashneft, 06
|Status||Country of risk||Redemption (offer)||Volume||Emission Rating (M/S&P/F)|
|Full company name||PJSC "Joint-Stock Petroleum Company "Bashneft"|
|Country of risk||Russia|
|Country of registration||Russia|
|Industry||Oil and gas|