OAO LUKOIL
has completed today the stock exchange bond offering of the BO-18, BO-19, BO-20
series, each worth RUR 5 billion. The bonds, placed at MICEX, will mature in 364
days.
During
bookbuilding 129 investors’offers with the coupon rate ranging from 12.95% to
14.00% p.a. were received. The total demand reached RUR 35,544.1
million.
After
considering the offers the coupon rate for each of the issues was set at 13.50%
p.a.
The
successful placement of the LUKOIL stock exchange bonds demonstrated investors’
steady interest towards the Company and proved the efficiency of this financial
instrument.
The
proceeds from the bond offering will be used to replenish the Company’s working
capital.