12 February 2013, Tuesday, 15:25

Demand for Bashneft series 06 and 09 bonds exceeded 35 billion roubles

author: Elvira Latypova

The total demand for series 06 — 09 bonds of JSOC Bashneft exceeded the supply and made 35 billion roubles, the company informs.

Investors placed 45 orders for series 06 and 08 bonds with the coupon rate ranging from 8,50% to 8,70% per annum, and for series 07 and 09 bonds with the coupon rate ranging from 8,70 to 8,94% per annum.

Considering the current situation in the market and the manifested demand for the placed bonds, Bashneft decided to set the coupon rates for series 06 and 08 bonds at the level of 8.65% per annum, and the rate for series 07 and 09 bonds was set at 8.85% per annum.

“We are satisfied with the investors’ interest in the Company’s securities. Successful placement of 5-year put option and 7-year put option bonds proves that Bashneft is a reliable borrower in the capital market,” commented Alexey Kurach, the Vice President for Economics and Finance of the oil company.

The settlements related to the placement of series 06, 07, 08 and 09 bonds will be made on the MICEX Stock Exchange on February 12, 2013.

OJSC Gazprombank is the lead arranger and placement agent, while CJSC UniCredit Bank is the co-arranger, and Region Group acts as an underwriter.