International bonds: Naftogaz, 7.625% 8nov2026, USD (XS2077601610, 50050MAB1)
| Status | Country of risk | Maturity (option) | Amount
i This field shows outstanding face value amount for outstanding bonds
| Issue ratings (M/S&P/F) |
|---|---|---|---|---|
| outstanding | Ukraine | **/**/**** (**/**/****) | 500,000,000 USD | ***/***/*** |
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Issue information
| Borrower | Naftogaz |
| SPV / Issuer | KONDOR FINANCE |
| Bond type | Coupon bonds |
| Special type | Loan Participation Notes |
| Placement method | Open subscription |
| Placement type | Public |
| Issue purpose | Show Issue purpose The U.S. Dollar proceeds of the Notes will amount to U.S.$500,000,000. The proceeds of the Notes will be
used by the Issuer for the sole purpose of financing the Loan. Naftogaz intends to use the net proceeds of the
Loan for general corporate purposes, including for the repayment of existing financial indebtedness. In
addition, Naftogaz will separately pay or make funds available to pay commissions and fees in connection
with the offering. |
| Par amount, integral multiple | 1,000 USD |
| Nominal of international bonds | 1,000 USD |
| Minimum settlement amount | 200,000 USD |
| Outstanding principal amount | 200,000 USD |
| Amount | 500,000,000 USD |
| Outstanding face value amount | 500,000,000 USD |
| Placement date | **/**/**** |
| Maturity date | **/**/**** |
| Redemption price | 100% |
| Floating rate | No |
| Coupon Rate | *.***% |
| Current coupon rate | 7.625% |
| Day count fraction | *** |
| ACI | *** (09/22/2020) |
| Coupon frequency | 2 time(s) per year |
| Interest accrual date | **/**/**** |
| Listing | Irish S.E. |
Related issues
- Naftogaz, 7.375% 19jul2022, USD
- Naftogaz, 7.125% 19jul2024, EUR
- Naftogaz, 9.50% 30sep2014, USD
- Naftogaz, 1-A
- Naftogaz, 1-B
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Cbonds ValuationiIndicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset. :
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
| Trading floor | Date and time | Bid/ ask price (Yield) | Indicative price (Yield)
i Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
| G-spread | T-spread, bp
i T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
| |
|---|---|---|---|---|---|---|
i Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset. Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/. | 09/21/2020 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
Bond Quotes by Market Participants
| Market participant | Date and time | Bid/ask or last price (Yield) | |
|---|---|---|---|
| Anonymous participant 20 | 09/21/2020 | **.**** (*.**) | |
| Dragon Capital | 09/21/2020 | **.**** / **.**** (*.** / *.**) |
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Price chart
Stock exchange and OTC quotes
| Trading floor | Date and time | Bid/ ask price (Yield) | Indicative price (Yield)
i Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
| G-spread | T-spread, bp
i T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
| |
|---|---|---|---|---|---|---|
| 09/21/2020 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
Bond classification
| Subordinated | |
| Sinkable bond | |
| Perpetual | |
| Convertible | |
| Structured product | |
| Restructuring | |
| Securitization | |
| Mortgage bonds | |
| Trace-eligible |
| Covered | |
| Foreign bonds | |
| CDO | |
| Sukuk | |
| Retail bonds | |
| Supranational bond issues | |
| Green bonds | |
| Non-Marketable Securities |
Identifiers
| ISIN / ISIN RegS | XS2077601610 |
| ISIN 144A | US50050MAB19 |
| Common Code / Common Code RegS | 207760161 |
| CUSIP 144A | 50050MAB1 |
| CFI / CFI RegS | DAFNFR |
| CFI 144A | DBFUGR |
| FIGI / FIGI RegS | BBG00QRWDCC8 |
| WKN / WKN RegS | A2R958 |
| FIGI 144A | BBG00QRWDCB9 |
| Ticker | NAFTO 7.625 11/08/26 REGS |
Primary placement
| Coupon (Yield) Guidance | (*.***%) |
| Issuer rating on issue date (M/S&P/F) | ***/***/*** |
| Placement | **/**/**** |
| Initial issue price (yield) | ***% (*.**%) |
| Spread over US Treasuries, bp | ***.** |
| Demand | *,***,***,*** |
| Settlement Duration | *.** |
| Geographic breakdown | the US, UK, Switzerland, Germany, & other EU Member States; Asia or Middle East. |
Participants
| Bookrunner: | Citigroup |
| Depository: | Clearstream Banking S.A., DTCC, Euroclear Bank |
| Issuer Legal Adviser (International law): | Freshfields Bruckhaus Deringer, Aequo |
| Arranger Legal Adviser (International law): | White & Case |
| Arranger Legal Adviser (Domestic law): | Avellum Partners |
| Paying agent: | Citibank (London branch) |
| Trustee: | Citibank (London branch) |
Payment schedule
*****
| Coupon date | Actual Payment Date | Coupon, % | Coupon payment amount, USD | Redemption of principal, USD | ||
|---|---|---|---|---|---|---|
| Show previous | ||||||
| 1 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 2 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 3 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 4 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 5 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 6 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 7 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 8 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 9 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 10 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 11 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 12 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 13 | **/**/**** | **/**/**** | *.*** | *,*** | ||
| 14 | **/**/**** | **/**/**** | *.*** | *,*** | ***,*** | |
| Show following | ||||||
Early redemption terms
*****
| Date | Option type | Option style | Notice period, days | Benchmark spread, b.p. | Until date | Price | |
|---|---|---|---|---|---|---|---|
| Show previous | |||||||
| **/**/**** | call | Make-Whole Call | ** | ** | **/**/**** | ||
| **/**/**** | call | American option | ** | *** | |||
| Show following | |||||||
Issue ratings
Naftogaz, 7.625% 8nov2026, USD
| Rating Agency | Rating / Outlook | Scale | Date |
|---|---|---|---|
| Fitch Ratings | ***/*** | LT Int. Scale (foreign curr.) | 04/24/2020 |
Issuer ratings
Naftogaz
| Rating Agency | Rating / Outlook | Scale | Date |
|---|---|---|---|
| Credit-Rating | ***/*** | National Scale (Ukraine) | 08/22/2011 |
| Fitch Ratings | ***/*** | LT Int. Scale (foreign curr.) | 04/24/2020 |
| Fitch Ratings | ***/*** | LT Int. Scale (local curr.) | 04/24/2020 |
| Moody's Investors Service | ***/*** | LT- foreign currency | 03/12/2010 |
| UCRA | ***/*** | National Rating Scale | 05/08/2015 |
Main IFRS/US GAAP indicators
| Index | 2Q 2019 | 3Q 2019 | 4Q 2019 | 1Q 2020 |
|---|---|---|---|---|
| 11Total assets (mln, UAH) | *** | *** | *** | *** |
| 20Total equity (mln, UAH) | *** | *** | *** | *** |
| 23Revenue (mln, UAH) | *** | *** | *** | *** |
| 35Net debt (mln, UAH) | *** | *** | *** | *** |
| 40Capital expenditure (mln, UAH) | *** | *** | *** | *** |
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Calculated IFRS/US GAAP indicators
| Index | 2Q 2019 | 3Q 2019 | 4Q 2019 | 1Q 2020 |
|---|---|---|---|---|
| 71Revenues, YoY (%) | *** | *** | *** | *** |
| 75Total debt / Equity | *** | *** | *** | *** |
| 76Cash Flow To Capital Expenditures | *** | *** | *** | *** |
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All IFRS indicators
| year | 1 Q | 2 Q | 3 Q | 4 Q |
|---|---|---|---|---|
| 2020 | 1Q | - | ||
| 2019 | 1Q | 2Q | 3Q | 4Q |
| 2018 | 1Q | 2Q | 3Q | 4Q |
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