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Prospect News home > News index > List of issuers B > Headlines for Borets Finance DAC  > News item
Published on 12/21/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Russia-focused Borets buys back $246.2 million 6% notes due 2026

By Mary-Katherine Stinson

Lexington, Ky., Dec. 21 – United Arab Emirates’ Borets Finance DAC repurchased $246.2 million of the outstanding 6% guaranteed notes due 2026 (ISINs: XS2230649225, US09973BAB53) as well as paying the outstanding interest that was due Sept. 17 on the notes, according to a notice.

The interest payment totaled $3,114,000.

After the buy back, there are $103.8 million notes outstanding.

Russia-focused Borets Finance is a subsidiary of Borets International Ltd., which makes electrical submersible pumps for the oil and gas industry and has its global headquarters in Dubai.


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