FSFM Registers the Report on the Results of Bond Issue by RussNeft to 7 Billion Rubles.
At a meeting Thursday the Federal Service for Financial Markets registered the report on the results of 01 series bond issue by NK RussNeft OAO to the amount of 7 billion rubles, according to the statement issued by the FSFM.
As reported earlier the above issue was floated at Moscow Interbank Stock Exchange on December 16, 2005. The bond maturity period is five years to be covered by the semi-annual coupon. The rate of the first coupon was set by bidding as 9.25% per annum. To it were equaled the rates of the following coupons from 2 to 6. The rates of the 7th to10th coupons are to be determined by the issuer.
The loan is guaranteed by Belkamneft OAO to the amount of 2.36 billion rubles, Varieganneft to 900 million rubles and Aganneftegeologia to 4.2 billion rubles.
At present RussNeft includes 30 producing assets, 3 refineries, 2 transport companies and 300 gas-filling stations. The total recoverable reserves of RussNeft exceed 630 million tons.