The total volume of demand on the 002?-04 series released by Rosneft reached 75bn rub., Sberbank CIB as allocation arranger informed.
The bid book on the issue launched in the volume of 50bn rub. was closed Feb. 8. The maturity period covers 10 years; the 5-year offering being stipulated.
The initial rate of the first coupon was fixed within the range of 7.60-7.70% ann. But it was pushed down two times to reach 7.5-7.55% ann. (7.64-7.69% ann. In the yield), in the long run, due to the large amount of the bids (70 bids accepted). Firstly, the volume of allocation was increased from 15bn rub. to 40bn rub. and to 50bn rub. finally.
Thus, the 1st coupon rate was fixed at 7.50% ann.
The technical allocation of the bonds is set for Feb. 15, 2018 on MICEX. The arrangers of allocation involve Gazprombank, Sberbank CIB and VTB Capital.
Rosneft (TIN 7706107510) is the largest oil company in Russia. The proved reserves exceed 37.7bn barrel.
The share capital is equal 105.981mln rub. split in 10598177810 common stocks of 0.01 rub. par. On Sep. 1, 2017 the major holders involved Rosneftegaz (50%+1), BP Russian Investments Limited (19.75%), QHG Oil
Ventures Pte. Ltd. (JV set up by Glencore and QIA, 19.5%).
The 9-month 2017 net profit (IAS) gained $2bn; revenues from sales increased 43.7% to $76.3bn from $53.1bn rub.; EBITDA moved up 28.1% to $17.3bn.
The 9-month 2017 net profit (RAS) rallied up 4.3 fold to reach 102.3bn rub.; revenues increased 15% to 3.265tril rub.; costs - 21.9% to 2.501tril rub.
"AK&M", 15:12, 09.02.2018 1251 AKM,COR