SIBUR has established the rate of the 1st coupon of bonds of 15 billion rubles at 5.5%

СИБУР установил ставку 1-го купона бондов объемом 15 млрд рублей на уровне 5,5%

PJSC “SIBUR holding” has established the rate of the 1st coupon on both issues 10-year bonds series BO-01 and BO-02 total amount of 15 billion rubles at 5.5% per annum, according to the company.

Collection of applications for series BO-01 in the amount of 10 billion rubles and BO-02 in amount of RUR 5 billion passed on may 21.

Initially, the benchmark rate of the 1st coupon was 5,70-of 5.85% per annum, in the course of marketing has changed three times. The rate corresponds to yield to put option in 2.5 years at the level of 5.58% per annum.

Demand for the bonds was three times oversubscribed and amounted to 45 billion rubles. The placement was attended by the leading Russian state and private banks, investment and management companies, brokers and retail investors.

Terazosina releases scheduled for may 28.

The organizers are Gazprombank and Sberbank CIB.

The last time “SIBUR” was on the domestic debt market in August and September 2016.

Last year, the company placed 5-year Eurobonds for $500 million at 3.45 percent per annum.

Currently in circulation is one issue of classic bonds of the company at 10 billion rubles.

The main shareholder of “SIBUR” Leonid Michelson control of 48.48% of the shares of the company Gennady Timchenko, a 17% Kirill Shamalov – 3,88%, current and former management of the company (including the Chairman of the Board of “SIBUR” Dmitry Konov and the head of the “Gazprom Neft (MCX:SIBN)” Alexander Dyukov) – by 10.6%, China’s Sinopec and the “silk road Fund” to 10%.

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