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.
(ITAR-TASS)
