Source Pravda.Ru

UBS Warburg places bonds that can be exchanged for shares of YUKOS

The UBS Warburg investment bank has placed bonds for $400m that can be exchanged for shares of the YUKOS oil company, Oleg Pavlov, head of the corporate finances department of UBS Warburg, told an RBC correspondent. He specified that the placing of the bonds had been completed on December 10 instead of December 12, as planned earlier. Pavlov noted that they had been more than five times oversubscribed. The bonds were placed according to rule S with listing on the Luxemburg stock exchange.

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