By Colin Hanner
New York, July 17 – Nostrum Oil & Gas plc priced $725 million of five-year notes (expected ratings: B2/B) at par to yield 8% on Monday, according to a syndicate source.
The Rule 144A and Regulation S notes are guaranteed by Nostrum Oil & Gas plc and Zhaikmunai LLP. They were sold via joint bookrunners Citibank, VTB Capital, Banca IMI and Deutsche Bank.
Nostrum is also tendering for Zhaikmunai LLP’s 7 1/8% senior notes due 2019 and 6 3/8% senior notes due 2019. The tender offers will continue until July 27.
Nostrum, formerly known as Zhaikmunai LP, is a Uralsk, Kazakhstan-based oil and gas exploration and production company with interests in northwestern Kazakhstan.
Issuer: | Nostrum Oil & Gas plc
|
Guarantors: | Nostrum Oil & Gas plc and Zhaikmunai LLP
|
Issue: | Senior notes
|
Amount: | $725 million
|
Maturity: | July 25, 2022
|
Bookrunners: | Citibank, VTB Capital, Banca IMI and Deutsche Bank
|
Coupon: | 8%
|
Price: | Par
|
Yield: | 8%
|
Trade date: | July 17
|
Settlement date: | July 25
|
Ratings: | Moody’s: B2
|
| S&P: B
|
Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.