By Sarah Lizee
Olympia, Wash., April 30 – Lukoil Securities BV sold $1.5 billion of 3 7/8% 10-year notes (BBB/BBB+) at par, according to a notice.
The Regulation S notes are guaranteed by Lukoil PJSC.
Citigroup and Societe Generale were joint lead managers and active bookrunners. Bank GPB International SA was a joint lead manager and a passive bookrunner.
Lukoil Securities may at any time prior to Feb. 6, 2030 redeem the notes by paying a make-whole premium. After that, Lukoil may redeem the notes at par plus accrued interest.
Proceeds will be used for general corporate purposes.
Lukoil is a Moscow-based oil and gas company.
| Issuer: | Lukoil Securities BV
|
| Guarantor: | Lukoil PJSC
|
| Issue: | Notes
|
| Amount: | $1.5 billion
|
| Maturity: | May 6, 2030
|
| Bookrunners: | Citigroup and Societe Generale (active); Bank GPB International SA (passive)
|
| Coupon: | 3 7/8%
|
| Price: | Par
|
| Yield: | 3 7/8%
|
| Call: | Make-whole prior to Feb. 6, 2030
|
| Pricing date: | April 29
|
| Settlement date: | May 6
|
| Ratings: | S&P: BBB
|
| Fitch: BBB+
|
| Distribution: | Regulation S
|
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