UAE’s Borets to issue new five-year notes to fund tender offer

By Christine Van Dusen

Atlanta, March 13 – The United Arab Emirates’ Borets Finance DAC is planning to issue new five-year notes to fund a tender offer, according to a company announcement.

Goldman Sachs, HSBC, Sberbank CIB and SIB (Cyprus) are leading the deal.

The notes are expected to settle on or near April 7.

Borets Finance is a subsidiary of Borets International Ltd., which makes electrical submersible pumps for the oil and gas industry and has its global headquarters in Dubai.

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