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Lukoil completes $1 bln bonds offering

November 02, 2016, 21:45 UTC+3 MOSCOW

Bonds were issued for the term of 10 years

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MOSCOW, November 2. /TASS/. Lukoil announced completion of bonds offering in the amount of $1 bln, the Russian oil major said on Wednesday.

Bonds were issued for the term of 10 years with the coupon rate of 4.75% per annum, Lukoil said.

The company plans to spend funds earned from the offering for general corporate goals, including refinancing of a portion of existing debt. Bonds were issued by Lukoil International Finance B.V. against Lukoil’s guarantees.

Fitch and S&P rating agencies earlier assigned "BBB-" rating to bonds.

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