By Jennifer Chiou
New York, Dec. 16 - OAO Lukoil said it completed a stock exchange offering of BO-06 and BO-07 series bonds to total RUB 10 billion.
ZAO Troika Dialog Investment Co. arranged the offering.
The bonds, placed at Micex, will mature in three years and have a coupon of 9.2%.
Lukoil said that during bookbuilding it received 52 investors' offers with coupon rates ranging from 9% to 9.7%. The total demand reached RUB 17.08 billion.
Proceeds will be used to replenish the company's working capital.
The issuer is a Moscow-based oil and energy company.
| Issuer: | OAO Lukoil
|
| Issue: | BO-06 and BO-07 series bonds
|
| Amount: | RUB 10 billion
|
| Maturity: | Three years
|
| Arranger: | ZAO Troika Dialog Investment Co.
|
| Coupon: | 9.2%, payable semiannually
|
| Price: | Par
|
| Yield: | 9.2%
|
| Settlement date: | Dec. 15
|
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