Date: 3 months ago   Category: Energy

Sibur plans to redeem ahead of schedule eurobonds for $200 million — Rambler News Service


Sibur plans to redeem ahead of schedule own eurobonds for the sum up to $200 million, it is said in the statement of the company. It is about issue of eurobonds which has been placed in October, 2017 for five years - till 2023 - under 4,125% per annum. The company is ready to redeem securities at the price of 97,4% from face value. "Sibur has exposed the offer on repayment of the only issue of eurobonds which is in circulation with repayment in 2023 and the coupon of 4,125% per annum placed in October, 2017 of $500 million. The company is ready to redeem eurobonds for the sum up to $200 million at the price of 97,4% from face value", - it is said in the statement. The dealer managers of repayment CitigroupGlobal Markets Limited and J. P. Morgan Securities Plc act. Applications for repayment will be accepted from October 9 to October 17, 2018, is planned to perfrom calculations for the transaction on October 19, 2018. The repayment carries out Sibur Securities DAC, (100% subsidiary of Sibur). For financing of the transaction the company will use the current excess liquidity. "The company shows high operational results and is provided with liquidity which will grow after start-up of a complex ZapSibNeftekhim. Therefore in the current market situation we see an opportunity for decrease in percentage payments and also effective use of the available liquidity", - the head of Sibur Dmitry Konov has explained. In October, 2017 Sibur has placed eurobonds for $ dollars 500 million with a repayment period in 2023 and a rate of the coupon of 4,125% per annum.

URL:

Increase in level of the competition, decrease in a share of purchases at the only supplier and other factors show that the level of credibility of business to the procedure of state procurements increased, the head of corporation of subjects of small and average business (MSP) Alexander Braverman on the sidelines of the Gaidar forum told RNS. "The...


The head of UK "RUSNANO" Anatoly Chubais does not consider that it is possible to win against corruption only by means of digitalization. He said it on air of Russia-1 TV channel. "When people come to MFTs and without any round of fifteen ministries and departments, twenty five officials directly hand over documents which automatically are included...


The board of Naftogaz of Ukraine approved new model of business management of group, it is said in the statement of Naftogaz. The new model provides creation of profile divisions in the key areas of work of group. In particular, the decision of board creates the divisions "The Integrated Gas Business" ("Gas") and "Oil". Andrey Favorov, an oil divis...


Photo: globallookpress.com of OPEC predicts increase in oil production in Russia in 2019 to 11.49 million barrels a day, follows from the monthly report of the organization. In the previous report the cartel predicted oil production in Russia next year at the level of 11.44 million barrels a day. Thus, the forecast is corrected on 50 thousand barre...


Global demand for oil in 2018 made 98.78 million barrels a day, follows from the monthly report of OPEC. In the December report it was noted that demand for oil in 2018 will be 98.79 million barrels a day. Thus, assessment is corrected on 10 thousand barrels towards decrease According to data of the organization, in 2017 demand for oil was 97.29 mi...


Photo: globallookpress.com the Airports of Moscow delayed 21 flights and cancelled 14 flights because of bad weather, Yandex follows from data of service ". Schedule". At Sheremetyevo Airport 15 flights are delayed, in Domodedovo it is delayed 4 and 11 flights are cancelled, in Vnukovo 3 flights are cancelled and 2 is detained. Today the Ministry o...