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Borets International issued $350 million six-year Eurobonds with the 6% yield

September 11, 2020 | Cbonds

The investor's final demand on the bonds equaled about $550 million. The initial benchmark yield was around 6.25%.

????Issue information:
Volume: $350 mln
Yield:
6% annual
Initial issue price: 100%
Maturity date: September 17, 2026
Spread to US Treasury bonds: 559.6 bp
Listing:
Irish Stock Exchange

Aim: To redeem the 6.5% 7apr2022 Eurobonds, for repayments of bank debt obligations and general corporate purposes.

Bookrunners: Goldman Sachs, Sberbank СIB, Barclays and Raiffeisen Bank International.

Borets is one of the largest international oil engineering companies specializing in the development, production, and maintenance of equipment for mechanized oil production and reservoir pressure maintenance.

Issue: Borets International, 6% 17sep2026, USD

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingRussia09/17/2026350,000,000 USDBa3/BB-/-

Company: Borets International

Full company nameBorets International Ltd.
Country of riskRussia
Country of registrationUnited Arab Emirates
IndustryEngineering industry

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