LUKOIL ANNOUNCES THE COMPLETION OF THE ISSUANCE OF US$1,500,000,000 OF EUROBONDS
Wednesday, May 6, 2020
PJSC "LUKOIL" announces the completion of the issuance of US$1,500,000,000 of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 3.875% per annum. The notes have been issued by LUKOIL Securities B.V. and guaranteed by PJSC "LUKOIL", and an application has been made for the notes to be admitted to the Official List of the United Kingdom Financial Conduct Authority and to trading on the Regulated Market of the London Stock Exchange plc. LUKOIL intends to use the net proceeds of the offering for general corporate purposes. The notes have been assigned a rating of BBB+ by Fitch and BBB by Standard & Poor's.
The prospectus dated 30 April 2020 relating to the notes has been approved by the United Kingdom Financial Conduct Authority and is available at the registered office of LUKOIL Securities B.V. at Zuidplein 198, H Tower, Level 24, 1077 XV Amsterdam, The Netherlands and at http://www.rns-pdf.londonstockexchange.com/rns/5237L_1-2020-4-30.pdf.
This press release is not for general publication or distribution, directly or indirectly, in or into the United States. This press release does not constitute an offer of securities for sale in the United States. The securities discussed herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or an exemption from registration as provided in the Securities Act and the rules and regulations thereunder. The securities are being offered and sold (i) outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act and (ii) inside the United States to qualified institutional buyers in accordance with and within the meaning of Rule 144a under the Securities Act. The company does not intend to register any portion of the proposed offering under the applicable securities laws of the United States or conduct a public offering of any securities in the United States. The information contained herein shall not constitute or form part of any offer to sell or solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
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