23 May 2014, Friday, 15:18

Coupon rate on Bashneft bonds of BO-05 series is set at 10.7 percent per annum

author: Elvira Latypova

The interest rate for the first coupon of JSOC Bashneft ‘s bonds of BO-05 series is set at 10.7 percent per annum. Rates of 2-9 coupons are equated to it, the oil company reports .

Total payments for each coupon period are 533.5 million rubles or 53.35 rubles per bond.

Recall  that on May 26 Bashneft plans to place 10 million stock bonds of BO- 05 series at a face value of 1000-ruble each by public offering. Aggregate value at par is 10 billion rubles. Maturity is 10 years. Terms of issue provide an option of putting bonds back in November 2018.

On May 22, Bashneft collected bids for bonds.

CJSC "VTB Capital"  is an organizer of the bond offering.