OJSC “Alliance” Oil Company, a subsidiary of Alliance Oil Company Ltd has closed the book and announced the pricing of a 5 billion rouble bond issue (approximately MUSD 180 at the current exchange rate). The bonds will have a 10-year tenor and a 5-year put option. The interest rate for the 5-year period was set at 8.85 per cent per annum. Alliance Oil Company Ltd will guarantee the bonds through an irrevocable public offer.
The bond placement is scheduled for June 14, 2011.
Raiffeisen Bank and Bank of Moscow are acting as arrangers for this transaction and Unicredit Bank acts as co-manager.
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 638 million barrels and downstream operations that include the Khabarovsk refinery and the leading network of gas stations and wholesale oil products terminals in the Russian Far East. Alliance Oil's depository receipts are traded on the Nasdaq OMX Nordic under the symbol AOIL.
