Russia’s Eurasia Drilling to take bids for 5bln rbl bonds on Thursday

MOSCOW, Jun 7 (PRIME) -- Russian drilling firm Burovaya Kompaniya Eurasia (BKE), part of Eurasia Drilling Company, plans to collect bids for 5 billion rubles worth of 3-year exchange bonds on Thursday, as seen by PRIME in materials for the placement on Tuesday.

The guidance for the first coupon is set at 10.5–10.8% annually, which corresponds to a 10.78–11.09% yield to maturity. The technical placement is scheduled for June 21.

Rosbank and UniCredit Bank act as the placement’s organizers.

In April, the Moscow Exchange registered a 50-year exchange program of BKE, under which the company may offer up to 100 billion rubles of exchange bonds with maturity of up to 15 years publicly.

(65.7894 rubles – U.S. $1)

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