September 11, 2020 | Cbonds
|The investor's final demand on the bonds equaled about $550 million. The initial benchmark yield was around 6.25%.|
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.
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
Company: Borets International
|Full company name||Borets International Ltd.|
|Country of risk||Russia|
|Country of registration||United Arab Emirates|