4 Jun 2013 11:28

Bashneft planning 40 bln rubles in 10-yr exchange bonds

MOSCOW. June 4 (Interfax) - Bashneft is planning to offer a total of 40 billion rubles in six series of ten-year exchange-traded bonds, the oil company said in a statement.

Series Bo-05 and Bo-06 will each be 10 billion rubles in volume and series Bo-07 through Bo-10 will each be 5 billion rubles. The bonds may carry call/put options.

Bashneft placed 30 billion rubles in traditional bonds series 6-9 in February. Demand for the bonds was 35 billion rubles. The coupon rate on series 6 and 8 with an offer in five years was 8.65% and that on series 7 and 9 with an offer after seven years was 8.85%.

Bashneft also has 10 billion rubles in debut exchange bonds and series 1-4 in traditional bonds outstanding.