News // Markets & Stocks
Transneft successfully places 7-Year bonds
12 August 2016 , 17:00Neftegaz.RU697
On 11 August 2016 Transneft reported that the company floated its exchange-traded bonds of the BO-001P-03 series with the total par value of RUB 15 bln and the maturity period of 7 years.
The coupon rate is set at 9.45 %, which is the absolute minimum among the corporate market issues with the maturity of 7 years.
During the initial expression of interest, the general demand of investors for the bonds more than twice exceeded their supply and reached RUB 36 bln.
On 19 July, 2016, Transneft President Nikolay Tokarev informed that Transneft does not rule out a new placement of bonds this year, if need be.
«On the whole, there was a 250-billion-rouble corridor. If necessary, we’ll certainly do this,» he said, answering the question about the possible placement of bonds.
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