Press release: SIBUR plans Eurobond buyback in the amount of up to $US 200 mln

Moscow, 9 October 2018. PJSC SIBUR Holding, the largest integrated petrochemicals company in Russia, today announces a Eurobond buyback plan in the amount of up to $US 200 million, targeting the Company’s 2023 Eurobond notes.

SIBUR has launched the buyback offer on the Company’s only outstanding Eurobond notes, placed in October 2017 in the amount of $US 500 million, and which are due in 2023 with a 4.125% coupon. The Company intends to repurchase up to $200 million worth of the Eurobonds at 97.4% of the nominal price of the notes. The transaction will be financed using the Company’s current excess liquidity.

CitigroupGlobal Markets Limited и J.P. Morgan Securities PLC will act as dealer managers on the transaction. Eligible holders may submit their tender instructions between 9 October and 17 October 2018.  Settlement is expected to take place on 19 October 2018. The buyback will be carried out by Sibur Securities DAC (the “Issuer”, a 100% Subsidiary of PJSC SIBUR Holding) on behalf of PJSC SIBUR Holding (the “Guarantor”).

Dmitry Konov, Chairman of the Management Board of SIBUR Holding, said: “SIBUR’s loan portfolio is well balanced, while the Company consistently delivers robust operating results and strong liquidity, which will only improve once our ZapSibNefteKhim facilities come into operation. As such, in the current market environment we see the opportunity to reduce interest payments and effectively deploy our liquidity. This buyback will provide additional flexibility for investors and underscore SIBUR’s long-term reliability as an issuer.”

Другие новости этого раздела:


Press release: Lukoil Board of Directors convenes extraordinary general shareholders meeting and recommends interim dividend amount

Press release: Lukoil Board of Directors approved the report on the submission of applications by shareholders

Press release: Lukoil and Uzbekneftegaz sign memorandum of understanding

Russia’s mineral fertilizer output up 1.9% in January-September 2018


Press release (Uralchem): Russia-Belarus Business Council may become a facilitator for businesses and government agencies

Press release: Alexey Miller briefs Dmitry Medvedev on Gazprom’s readiness for autumn/winter period

Press release: PhosAgro, IPNI and Vologda Region Research on Correct Application of Fertilizers Shows a 30% Increase in Forage Crop Yields and 20% Reduction in the Cost of Milk Production in a Large Vologda Region Farm

ToAZ starts construction of third urea facility


Press release: PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO, promotes Vladimir Davydenko to General Director of JSC Apatit

Press release: Gazprom Export to be first among Gazprom's subsidiaries to join tax monitoring regime

Press release: Fitch Ratings Revises Uralkali’s Rating Outlook to Stable from Negative

Press release: Mikhail Katsevman: “Price increase for energy resources and commodities is one of the primary reasons for loss of the competitive edge of polymers”

Press release: NOVATEK and Fluxys Plan to Build an LNG Terminal in Rostock

Press release: SIBUR announces results of Eurobond buyback offer

Fakuma: 26th international trade fair for plastics production and processing