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Moscow, 6 October 2017. SIBUR has successfully completed the offering of USD 500 m Eurobonds maturing in 2023.
The coupon rate was set at 4.125% per annum payable semi-annually.
Demand for the deal during the book building exceeded USD 1.7 bn, with a total of around 150 orders coming from investors, including those from the US and UK.
“Our successful placement is a testimony to investor demand for SIBUR's bonds. We appreciate their trust in us, and we will remain committed to our strategy to ensure financial sustainability going forward,” said Dmitry Konov, Chairman of SIBUR's Management Board.
ING and J.P. Morgan acted as the deal’s global coordinators and joint bookrunners, with Gazprombank, Goldman Sachs International and Sberbank CIB as joint bookrunners.
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