Source Pravda.Ru

TNK Oil Company Places Additional USD 300 Million Eurobond Issue

The Tyumen Oil Company (TNK) has completed an additional placing of type-S Eurobonds. According to TNK's press office, the volume of the additional issue was USD 300 million, with an issue price of 105.75% of the nominal and a yield of 9.46%.

The original issue of 5-year Eurobonds was placed by the oil company in November 2002. The Eurobonds were valued at USD 400 million, with a yield of about 11% and are redeemable in 2007. The additional issue of type-S Eurobonds will be combined with the original placing 40 days after the deal was completed, thus increasing the overall value of the Eurobonds to USD 700 million.

The press office revealed that Credit Suisse First Boston and Schroder Salomon Smith Barney acted as managers of the issue and organisers of the syndicate for the deal. The Eurobonds were given a Ba3 rating by Moody's and a B+ rating by Fitch and Standard & Poor's.

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

Comments
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Who loses and wins most from Caspian Sea division
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Russians tired of Putin's foreign policy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Why Russia continues investing in US public debt
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Putin convenes Security Council meeting to discuss new sanctions
Who loses and wins most from Caspian Sea division
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea
Russia's pension reform to split Putin's majority in Navalny's favor
Russia's pension reform to split Putin's majority in Navalny's favor