NOC-Active of Khudainatov agrees with holders of Alliance Oil’s Eurobonds to delay the repayment date to 2019
Edited by Rhod Mackenzie / 2015-03-30 01:30:25
NOC-Active of ex-head of Rosneft Eduard Khudainatov has agreed with holders of Alliance Oil Company’s Eurobonds to postpone the maturity of securities for $350 million from March 2015 to March 2019, NOC-Active reports.
The agreement, concluding by the company, provides for an increase in interest rate on the Eurobond issue, which won’t exceed 12% per annum. Earlier the interest rate was 9.875% per annum. The Eurobonds maturity date was March 11, 2019.
