Coupon rate for Alliance Oil's BO-01 exchange bonds set at 9.25%
MOSCOW. Feb 7 (Interfax) - Oil company Alliance (a 100% subsidiary of Alliance Oil Company) has set the first coupon rate for exchange bond series BO-01 worth 5 billion rubles at 9.25%, the company said in a statement.
Coupons two through six on the issue will be equal to that of the first coupon.
Each coupon payment will come to 46.12 rubles per bond at a face value of 1,000 rubles each.
The rate of the first coupon was set through book building. Raiffeisenbank and Bank of Moscow accepted applications for the issue between January 24 and February 4. The coupon guidance came to 9.5%-10%.
The bond placement is slated for February 8 on the MICEX.
The exchange bond issue will mature over a three-year period with semiannual coupons. Alliance Oil Company provided the guarantee for the bond issue.
The MICEX allowed four of the company's exchange bond issues into trading during placement at the start of August 2010. BO-01 and BO-02 each come to 5 billion rubles, BO-03 - 3 billion rubles and BO-04 - 2 billion rubles.
The bonds have a face value of 1,000 rubles each.
Alliance Oil Company was formed in 2008 following the merger of Alliance and West Siberian Resources. Alliance Group with the main shareholder with 53.7%. SIX SIS AG holds 5.1% while Spain's Repsol owns 3.4%.
