March 15, 2017 / 8:40 AM / 5 months ago

Lukoil hires Citigroup and Societe Generale for US dollar Eurobond

LONDON, March 15 (IFR) - Lukoil has hired Citigroup and Societe Generale as lead managers for a potential US dollar bond, according to banking sources.

Citigroup and SG declined to comment.

The Russian oil company, rated BBB-/BBB- was last in the market in October 2016 when it priced a US$1bn 144A/Reg S trade at a yield of 4.75%. Those bonds are now trading at 4.82% on the bid side, according to Thomson Reuters data.

The company announced a fourth-quarter profit of R46.6bn on Tuesday (US$790m) compared with a net loss of R65bn a year earlier. (Reporting by Sudip Roy, Editing by Helene Durand)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below