By Rebecca Melvin
New York, Feb. 9 – Nostrum Oil & Gas Finance BV, a subsidiary of Nostrum Oil & Gas plc, priced $400 million of 7% seven-year notes (expected rating: B2) at 99.32 to yield 7 1/8% on Friday, according to market sources.
Banca IMI, Citigroup, Deutsche Bank and VTB Capital were the joint bookrunners for the Rule 144A and Regulation S notes.
Proceeds will be used to refinance Nostrum’s 2019 eurobonds, issued by subsidiary Zhaikmunai LLP and for general corporate purposes.
Nostrum is a Uralsk, Kazakhstan-based oil and gas exploration and production company.
| Issuer: | Nostrum Oil & Gas Finance BV
|
| Guarantor: | Nostrum Oil & Gas plc
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | Feb. 16, 2025
|
| Bookrunners: | Banca IMI, Citigroup, Deutsche Bank and VTB Capital
|
| Coupon: | 7%
|
| Price: | 99.32
|
| Yield: | 7 1/8%
|
| Trade date: | Feb. 9
|
| Settlement date: | Feb. 16
|
| Rating: | Moody’s: B2
|
| Distribution: | Rule 144A and Regulation S
|
© 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.
