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«SIBUR» LLC is the managing organization of PJSC «SIBUR Holding».

117218, Moscow, Krzhizhanovsky st., 16/1

SIBUR successfully closes order book on RUB 10 bn BO-03 series exchange-traded bond placement

Moscow, 7 July 2021. SIBUR Holding announces that it has successfully closed the order book on a BO-03 exchange-traded bond issue totalling RUB 10 bn.

The books closed at the lower end of the final guidance range, with the coupon set at 7.65% per annum and the issue enjoying best-in-class distribution at this coupon rate. The issue achieved the narrowest spread to OFZs (ruble-denominated Russian Treasury bonds) on the local bond market in the Company’s history.

The bonds have a par value of RUB 1,000 each. The offering price was 100% of the par value. The bonds have a coupon period of 182 days and a tenor of 10 years, with an option to call the bonds or reset the interest rate after four years.

The placement drew strong investor interest, with more than 60 orders and total demand exceeding RUB 55 bn. Leading Russian public and private banks, non-government pension funds, investment and asset managers, insurance companies, brokers and retail investors took part in the placement.

Peter O'Brien, member of the Management Board and Managing Director for Economics and Finance at SIBUR, said:

“This bond issue is a logical next step in our team’s ongoing work to manage liquidity and optimise the Company’s debt portfolio in line with the current expectations of SIBUR’s projected cash flows. Thanks to the attractive levels of liquidity present on the Moscow Exchange and the speed with which we are able to issue a new instrument in accordance with our established bond documentation, in one day we collected an order book that was more than five times oversubscribed with demand at the tightest spread to OFZs in the Company’s history. This transaction further evidences the level of interest and confidence in SIBUR’s credit profile amongst a wide range of investors including pension funds, financial institutions and individuals.”

The placement was led by Gazprombank, Sberbank CIB and UniCreditBank. Gazprombank also acted as the placement agent.

The bonds will begin trading on Moscow Exchange on 13 July 2021 and included in MOEX’s Level 2 Quotation List.

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