Bonds

Fitch has granted to the planned Gazprom’s Eurobonds the awaited rating of BBB

The international rating agency Fitch has granted to the planned Eurobonds  of Gazprom Capital LLC, a Gazprom’s subsidiary, nominated in Euros, the awaited rating of BBB, that corresponds to the rating of the company. Another rating agency, Moody’s granted on Monday to the securities the rating of Baa1 with a stable forecast.

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On June 25, Transneft Board of Directors can prolong the circulation period for its bonds

On June 25, Transneft Board of Directors can prolong the circulation period for its bonds of series BO-03-07. The press-secretary, the adviser of the president of the company I. Dyomin explains that the amendments are introduced for prolongation of the circulation period from 3 to 10 years. When admission of the decision about placement of these bonds in 2010, the legislation limited the circulation period by 3 years. Mr. Dyomin states that the company can improve the clauses of financing attraction with this measure.

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Bashneft is going to start Eurobonds roadshow in the USA and Great Britain on June 19

Bashneft is going to start roadshow for Eurobonds that will be placed in USD in the USA and Great Britain on June 19. The organizers are Sberbank KIB, Barclays and Citigroup. The volume and the terms of placement will be determined under the results of the meetings. Currently, no Bashneft’s Eurobonds are  circulating at the market.
Translated by Nadezhda Poltoratskaya  
Source: http://www.oilcapital.ru/company/210884.html

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Alliance Oil is going to perform additional issue for $100 million

Alliance Oil, Alliance Oil Company before 2009, is going to attract at least 670 million Swedish krone, i.e. $100 million via placement of new preference shares in a form of Swedish depositary receipts. The company will offer approximately 2.2-2.4 million shares to private investors in Sweden and to the Swedish and foreign institutional investors. The price of one security will be 280-310 Swedish krone ($42.5-47.1). Profitability will be 9.7-10.7%. Applications for stock purchase are accepted until June 10-19, and placement price will be announced on June 20.

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Bashneft to place 6 series of exchange-traded bonds at the amount of 40 billion RUR

On Monday The Board of Directors of Bashneft Plc., one of top 10 oil companies in the country, decided to place 6 series of 10-year exchange-traded bonds at the amount of 40 billion RUR, the company reports.

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On June 4, Rosneft is going to open bid-book for bonds at a rate of 40 billion rubles

The Russian largest oil company Rosneft is going to open the bid-book for 10-year bonds of series 06 at a rate of 10 billion rubles, of series 09 at a rate of 15 billion rubles and of series 10 at a rate of 15 billion rubles on June 4 at 10:00 (GMT +3). The bid book will be closed on May 5 at 17:00 (GMT +3). The securities will be placed at MICEX on June 11. The placement organizers are Gazprombank, VTB Capital, Raiffeizenbank and Sberbank KIB.
Translated by Nadezhda Poltoratskaya       

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KASE has begun accepting of applications for Kazmunai Gas Eurobonds for a total sum of at least $1 billion

KASE (Kazakhstan stock exchange) has begun accepting of applications for Kazmunai Gas Eurobonds for a total sum of at least $1 billion. Applications are accepted at KASE simultaneously with bonds placement abroad, in particular in the USA and Great Britain.

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Norilsk Nickel charges off $1 billion and is ready to pay large dividends

The new management of Norilsk Nickel changed the company’s accounting policy and charged off about $1 billion, having created more favourable basis for further dynamics of the indices. At the same time, in 2012 the net profit of Norilsk Nickel proved to be much lower than forecasted, however other results were as the market expected, thus the company can pay its shareholders at least $2 billion of dividends, as it is presupposed by the amicable settlement agreement. The company will most likely have to attract money to pay $7 billion more by 2015 and analysts see no problem in it.
On Friday Norilsk Nickel published the consolidated financial results for 2012. The company’s proceeds reduced by 15% and made up $12 billion, EBIDTA – by 32% - to $4.93 billion, EBIDTA margin made up 41% (-10%), the net profit reduced by 41% - to $2.14 billion (the consensus forecast of Interfax is $2.94 billion), however the company explains it by non-financial charging off at the amount of $975 million. First of all it is conditioned by reduction of the market value of the company’s 11% of Inter RAO and other securities - $525 million. Besides, reduction of metal concentration in the ore of Norilsk Nickel assets in Australia and Botswana resulted in their depreciation by $151 million and $110 million respectively; it is said in the report that in 2013 conservation of the pits in these countries is expected. Reduction of the proceeds is conditioned by the market conjuncture, i.e. nickel prices (47% of the proceeds) reduced by 23% in 2012, copper prices (26%) and palladium prices (16%) – by 13%.

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NLMK pays off the loan on debentures at the amount of 10 billion RUR

Novolipetsk metallurgical complex Plc. (NLMK) paid the sixth coupon and paid off the loan on debentures of BO-06 series (№ 4B02-06-00102-A of September 19, 2009), the company reports.

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Norilsk Nickel has attracted a loan at 7.9% per annum

GMK Norilsk Nickel OJSC has closed the bid book for the issue of 3 series of exchange bonds for 35 bln roubles.
The coupons’ rates were 7.9% per annum.
The bonds were offered in the stock exchange market on Feb 28th.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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