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Article: Russia : LUKOIL sells $1.5 bln of debt in two tranche deal.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: manish03
LUKOIL, Russia's second-largest oil producer, sold $1.5 billion in five-year and 10-year debt on Thursday, pricing both tranches at a discount, according to a source at one of the lead managers.
The five-year tranche worth $900 million sold at a price of 99.474, bringing a coupon of 6.375 percent and a yield of 6.5 percent, the source said. The debt matures Nov. 5, 2014.
The 10-year tranche worth $600 million sold at a price of 99.127, bringing a coupon of 7.25 percent and a yield of 7.375 percent. This ...