Published on 11/8/2019 in the Prospect News Emerging Markets Daily.
New Issue: Naftogaz’s Kondor sells $500 million loan participation notes due 2026
By Marisa Wong
Los Angeles, Nov. 8 – NJSC Naftogaz of Ukraine subsidiary Kondor Finance plc priced $500 million of 7 5/8% loan participation notes due 2026 (//B) at par on Wednesday, according to a notice.
Citigroup is the lead manager for the Regulation S and Rule 144A offering.
Naftogaz, an oil and gas company, is based in Kiev. Kondor Finance is based in the United Kingdom.
| Issuer: | Kondor Finance plc
|
| Issue: | Loan participation notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 8, 2026
|
| Manager: | Citigroup
|
| Coupon: | 7 5/8%
|
| Price: | Par
|
| Yield: | 7 5/8%
|
| Pricing date: | Nov. 6
|
| Settlement date: | Nov. 8
|
| Rating: | Fitch: B
|
| Distribution: | Regulation S and Rule 144A
|
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