Bond Market Highlights: Russia’s Lukoil Launches $800 Million Bonds
Russian oil producer Lukoil (OAO Лукойл) has successfully placed its new bond issue.
Lukoil’s $US800 million of bonds due in 2020 are priced at 99.081 percent of face value. Yield to maturity – 6.25%. Moody's and Fitch have assigned a ‘BBB’ rating to the bond issue The current yields-to-maturity (YTMs) are as follows: Lukoil'14 – 4.05% (USD), Lukoil'17 – 5.20% (USD), Lukoil'19 – 5.80% (USD), Lukoil'20 (the new issue) – 5.95% (USD), Lukoil'22 – 6.10% (USD).
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