OREANDA-NEWS. June 14, 2011.  OJSC "Alliance" Oil Company, a subsidiary of Alliance Oil Company Ltd, has closed the book and announced the pricing of a 5 billion ruble bond issue (approximately MUSD 180 at the current exchange rate).

The bonds will have a 10-year tenor and a 5-year put option. The interest rate for the 5-year period was set at 8.85 per cent per annum. Alliance Oil Company Ltd will guarantee the bonds through an irrevocable public offer. The bond placement is scheduled for June 14, 2011.

Raiffeisen Bank and Bank of Moscow are acting as arrangers for this transaction and UniCredit Bank acts as co-manager.