OREANDA-NEWS. OAO LUKOIL placed its Eurobond issue for the total amount of US$1bn split equally between 10-year and 15-year tranches. 

The 10-year US$500mn issue priced with a coupon of 6.356% at a spread of +145bps vs US Treasuries. The 15-year US$500mn issue priced with a coupon of 6.656% at a spread of +175bps vs US Treasuries.

The issue was lead managed by Credit Suisse and Deutsche Bank. Application has been made to list the issue on the London Stock Exchange.

OAO LUKOIL intends to use the proceeds of the offering for general corporate purposes, including the repayment of existing indebtedness and financing of capital expenditures.