In one of the first corporate rouble bond placements on the Russian market this year, OJSC “Alliance” Oil Company, a subsidiary of Alliance Oil Company Ltd has closed the book and announced the pricing of a MRUB 5,000 rouble bond (approximately MUSD 170 at the current exchange rate). The bond will have a 3 year tenor. As a result of book-building, the offering was oversubscribed almost four times with the book totaling over 19.2 billion roubles from more than 50 local and international investors. The interest rate for the bond was set at 9.25 per cent per annum. Alliance Oil Company Ltd will guarantee the bonds through an irrevocable public offer in connection with the offering.
The bond placement is scheduled for February 08, 2011.
Raiffeisen Bank and Bank of Moscow are acting as arrangers for this transaction.
For further information please contact:
Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18 08
Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 611 49 90
Also visit www.allianceoilco.com
Alliance Oil Company Ltd is a leading independent oil company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has proved and probable oil reserves of 526 million barrels, refining capacity of 70,000 barrels per day and a network of gas stations and wholesale oil products terminals. Alliance Oil's depository receipts are traded on the Nasdaq OMX Nordic under the symbol AOIL.
