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MOSCOW, May 26 (PRIME) -- Russian oil company Slavneft has set the final coupon guidance for 10 billion ruble 10-year exchange bonds at 6.10% annually, which corresponds to a 6.24% yield to a 5-year buyback offer, a financial source told PRIME on Tuesday.
Initially, the coupon guidance was set at 6.15–6.25% annually, it was later cut to 6.00–6.10% annually.
The issue carries quarterly coupons. It also envisages a 1-year call option.
Bids are collected on Tuesday.
The technical placement is preliminarily scheduled for June 16.
Brokerage company Region and Credit Bank of Moscow will act as organizers.
(71.5962 rubles – U.S. $1)
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