Order Book Closed for Transneft Series BO-01 and BO-02 Bonds
OREANDA-NEWS. December 29, 2012. The order book was closed for the issue of JSC “Transneft” series BO-01 and BO-02 bonds worth RUB 34 bln. The bonds have a maturity period of three years and a put option two years from the date of issue.
During bookbuilding, 38 investor bids were received with the first coupon rate falling between 7.00% and 8.00% per annum. Overall investor demand totalled RUB 44 bln.
JSC “Transneft” established the coupon rate for the series BO-01 and BO-02 bonds at 7.50% per annum. Taking into account the market situation, cost of the placement, coupon rate for the bonds, and investor demand, JSC “Transneft” made the decision to accept 27 investor bids.
The technical placement of both bond issues (RUB 17 bln each) will take place on December 24 on the MICEX stock exchange.
Organiser of the placement: Sberbank CIB1.
The oil transporting Joint-Stock Company "Transneft" was established according to Decree No. 1403 of the President of the Russian Federation dated November 17, 1992, and by Decision No. 810 of the Government of the Russian Federation dated August 14, 1993.
JSC “Transneft” was registered by the Moscow Registration Chamber on August 26, 1993, under certificate No. 026.800.
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