Bashneft has acquired bonds worth 9.9 billion rubles under the put option
UFA, 19 February 2016. /Bashinform News Agency, Olesya Seregina/.
On February 18, 2016, PJSOC Bashneft, bought out 9 858 534 series 04 bonds under the put option at 100 percent of par value. The total amount of redemption amounted to 9 billion 858.534 million rubles. CJSC Sberbank CIB acted as the agent for the buyback of the bonds.
As the press-service of Bashneft informs, the series 04 bonds with a par value of 1,000 roubles each and obligatory centralized custody were placed on February 17, 2012. The coupon rate was set at 9% per annum until the put date and was subsequently increased to 16% per annum in February 2015. Under the terms of placement, the bonds could be bought out at the request of bondholders one year after the previous put date.