Date: 7 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:

Photo: Natalya of Seliverstov/RIA Novosti For the last two weeks in Russia the number of appeals of citizens to police concerning cases of plunder of their money by malefactors sharply grew when using information and payment terminals of Sberbank, the Kommersant newspaper with reference to the source close to law enforcement agencies reports. The f...


Photo: globallookpress.com the Share of the Russian export of services in the sphere of telecommunication, computer and information technologies made 8.1% of the volume of all export of services in 2018, in the sphere of a payment for use of intellectual property – 1.4%, it much lower than indicators of the EU, follows from "Monitoring of an econom...


The owner of Google, Alphabet corporation, stops cooperation with Huawei after entering of the company into the black list of the U.S. Government, Reuters with reference to a source, familiar with a situation, reports. "The belonging Alphabet Google stops cooperation with Huawei which demands transfer of the software, except for that, which with an...


Photo: www.globallookpress.com/Kremlin Pool the Head of Sberbank German Gref gave an assessment to influence of oligarchs on development of economy of Russia at the beginning of the 2000th. "The first years of our activity were connected directly with a large number of so-called oligarchs. There was a period when they were much stronger than the go...


In Sberbank there was no case of theft of money from the outside, except where the staff of bank was involved, the head of Sberbank German Gref in the Characters program on Russia 1 TV channel reported. "We had no case of theft of money from the outside, from the systems of bank, except cases when it included the staff of bank. And theft of money a...


Photo: RIA Novosti Belarus agreed on the draft of the road map with Russia on settlement of a situation with supply of oil and started its realization. BELTA with reference to the deputy prime minister of Belarus Igor Lyashenko reports about it. "Understanding importance of this document and need of its strict performance by all parties, I suggeste...