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Borets International issued $350 million six-year Eurobonds with the 6% yield

September 11, 2020
The investor's final demand on the bonds equaled about $550 million. The initial benchmark yield was around 6.25%.

????Issue information:
Volume: $350 mln
Yield:
6% annual
Initial issue price: 100%
Maturity date: September 17, 2026
Spread to US Treasury bonds: 559.6 bp
Listing:
Irish Stock Exchange

Aim: To redeem the 6.5% 7apr2022 Eurobonds, for repayments of bank debt obligations and general corporate purposes.

Bookrunners: Goldman Sachs, Sberbank СIB, Barclays and Raiffeisen Bank International.

Borets is one of the largest international oil engineering companies specializing in the development, production, and maintenance of equipment for mechanized oil production and reservoir pressure maintenance.
  • Status
    outstanding
  • Country of risk
    Russia
  • Redemption (put/call option)
    *** (***)
  • Amount
    350,000,000 USD
  • М/S&P/F
    — / — / —
  • Full name
    Borets International Ltd.
  • Registration country
    United Arab Emirates
  • Industry
    Engineering industry