28 March 2016, Monday, 16:05

Bashneft is preparing to approve a bond program


UFA, 28 March 2016. /Bashinform News Agency, Olesya Seregina/. PJSOC Bashneft will consider approving a program of exchange-traded bonds and securities prospectuses, Rusbonds reports with reference to the issuer. On March 31, the company will hold a meeting of the Board of Directors.

Bashneft entered a ruble bond market last time in June 2015. Then the company offered 10-year bonds of BO-07 series worth 5 billion rubles. The rate of 1 coupon was set at 12.1 percent per annum, 2-12-rate coupons were equated to it.

The issuer has established a possibility of early redemption of BO-07 series bonds on the date of the 4th coupon maturity.

Now there are in circulation four issues of exchange-traded bonds of the company for 25 billion rubles, and eight classic bonds for 90 billion rubles.

themes: Bashneft, bonds