Distribution of “BASHNEFT” securities at the rate of 50 billion rubles is over

Distribution of three series of the documentary non-convertible interest-bearing bonds at the rate of 50 billion rubles with the term of circulation seven years with the three-year offer and obligatory centralized storage is over. “VTB-Capital” and Russian Savings Bank come out as the initiators of the issue and “GASPROMBANK” is the co-organizer.

The corresponding notification is sent to the Federal Financial Markets Service today, December 23.

The interest rate on the first six coupons of all three series made 12,5% of interest per annum, i.e. 62 rubles 33 kopecks on one bond.

The bonds of JSC “BASHNEFT” were admitted to official circulation at MICEX and included into the list of quotations of “B”-type.

“Distribution of “BASHNEFT” bonds is completed” – the General Director of “BASHNEFT” Viktor Khoroshavtsev said – “The means, obtained from the distribution, are meant for the corporate purposes – for optimization of the Bashkir fuel energy complex’s asset management first of all”.

“This is the first so wide-scaled distribution of securities in the history of Bashkir fuel-energy complex. Moreover, this is one of the largest deals in the market of securities in the post-crisis period in Russia. The bond market received a new interesting issuer and the company made one more step to the goal, announced earlier – corporate and financial transparency” – M-r Khoroshavtsev underscored – “Distributing its bonds in the open borrowed capital markets “BAHNEFT” entered the community of the top-companies, which activity corresponded to the highest requirements by the level of their openness before the investment community”.