Rosneft to place 2.761 bln rbl bonds on secondary market – PRIME

Russian oil major Rosneft plans to place 2.761 billion rubles of bonds of the seventh and eighth series on the secondary market on Thursday, a banking source told PRIME. The volume of the placement will equal the volume of bonds offered for a buyback scheduled for Thursday. The price guidance for the secondary offering is set at 100–100.15% of a face value, which corresponds to a 7.43–7.40% annual yield. The initial price guidance amounted to no lower than 100%. The initial volume was announced at up to 30 billion rubles. Rosneft sold the two bond issues each worth 15 billion rubles in March 2013 with the rate of first through 10th coupons at 85 annually. The rate for further coupons until maturity in March 2023 will amount to 7.3% annually, which corresponds to a 7.43% yield to maturity. Gazprombank, VTB Capital and Sberbank CIB are organizers of the secondary placement.

• Status
  outstanding
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  15,000,000,000 RUB
• М/S&P/F
  — / — / —

• Full name
  PJSC Rosneft
• Registration country
  Russia
• Industry
  Oil and gas