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Prospect News home > News index > List of issuers L > Headlines for Lukoil Capital DAC > News item
Published on 8/22/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Lukoil sets Sept. 2 deadline for offer to purchase bonds

By Marisa Wong

Los Angeles, Aug. 22 – PJSC Lukoil has set Sept. 2 as the deadline for submitting orders under its offer to purchase outstanding notes from five series, according to a press release on Monday.

As announced on Aug. 2, Lukoil is inviting holders of the outstanding notes to contact i2 Capital Markets Ltd. or Lukoil Securities Ltd. for purchase of the notes.

The offer covers the following notes:

• $1.5 billion 4.563% notes due 2023 (ISIN: XS0919504562, US549876AH32) issued by Lukoil International Finance BV and guaranteed by Lukoil;

• $1 billion 4¾% notes due 2026 (ISIN: XS1514045886, US549876AL44) issued by Lukoil International and guaranteed by Lukoil;

• $1.15 billion 2.8% notes due 2027 (ISIN: XS2401571448, US549875AA06) issued by Lukoil Capital DAC and guaranteed by Lukoil;

• $1.5 billion 3 7/8% notes due 2030 (ISIN: XS2159874002, US54988LAB27) issued by Lukoil Securities BV and guaranteed by Lukoil; and

• $1.15 billion 3.6% notes due 2031 (ISIN: XS2401571521, US549875AB88) issued by Lukoil Capital and guaranteed by Lukoil.

The consideration to be offered for each $1,000 principal amount of notes will be negotiated individually but will be a fixed consideration.

Each series will be purchased for the sole purpose of their cancellation, the issuer had said.

Any holder wishing to participate in the offer is invited to contact i2 Capital Markets (info@i2capmark.com; +44 20 3633 1212; 128 City Road, London EC1V 2NX United Kingdom; https://i2capmark.com/event-details/57/Holder/lukoil-securities-limited) or Lukoil Securities (stanislovas.jarusevicius@lukinv.com; +31 6 21 33 58 20; Delfon & Achaion 10, 1st floor, 1101, Nicosia, Cyprus).

The oil and gas company is based in Moscow.


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