New Issue: Tyumen Oil $400 million five-year loan participation notes yield 11%

By Paul A. Harris

St. Louis, Mo., Oct. 31 - Russian oil company Tyumen Oil priced $400 million of loan participation notes due Nov. 6, 2007 (Ba3/B+/B+) at par to yield 11%, a syndicate source told Prospect News on Thursday.

Credit Suisse First Boston and Salomon Smith Barney were joint bookrunners. Merrill Lynch & Co. was joint lead manager.

The Rule 144A/Regulation S notes are guaranteed by TNK International Ltd.

Issuer: Tyumen Oil

Amount:	$400 million
Maturity:	Nov. 6, 2007
Type:	Loan participation notes
Guarantor:	TNK International Ltd.
Managers:	Credit Suisse First Boston, Salomon Smith Barney (joint books), Merrill Lynch (joint lead)
Coupon:	11%
Price:	Par
Yield:	11%
Call features:	Non-callable
Settlement date:	Nov. 6, 2002
Ratings:	Moody's: Ba3
	Standard & Poor's: B+
	Fitch: B+

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