By Christine Van Dusen
Atlanta, April 17 - Russia's OAO Lukoil priced a combined $3 billion of notes due in 2018 and 2023 (Baa2) with bookrunners BNP Paribas and Citigroup, a market source said.
The deal included $1.5 billion notes due 2018 that priced to yield mid-swaps plus 270 basis points, matching price talk.
The second tranche totaled $1.5 billion notes due 2023 that priced to yield mid-swaps plus 285 bps, also matching talk.
The proceeds will be used for general corporate purposes.
Other details were not immediately available on Wednesday.
Lukoil is a Moscow-based oil and gas company.
| Issuer: | OAO Lukoil
|
| Amount: | $3 billion
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Citigroup
|
| Trade date: | April 17
|
| Rating: | Moody's: Baa2
|
|
|
| Notes due 2018
|
| Amount: | $1.5 billion
|
| Maturity: | 2018
|
| Spread: | Mid-swaps plus 270 bps
|
| Price talk: | Mid-swaps plus 270 bps
|
|
|
| Notes due 2023
|
| Amount: | $1.5 billion
|
| Maturity: | 2023
|
| Spread: | Mid-swaps plus 285 bps
|
| Price talk: | Mid-swaps plus 285 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
