Monday, August 16, 2010

Russian "Lukoil" Bonds Issue

Currently, an agreement concerning the purchase of Lukoil whole package from an American company


Federal Financial Markets Service (FFMS) of russia has registered 11 bond issues of OAO "LUKOIL" totaly amount to 100 billion rubles, according to the regulator.
There will be public subscription of bond issues of the series 05-15: series of 05-08 - in the amount of 5 billion rubles each issue,  series of 09-14 - 10 billion rubles,  series of 15 - 20 billion rubles.
The Board of Directors of LUKOIL on June 24, 2010 adopted decision on the deployment of these bond issues. The organizers of the issues are "Troika Dialog" and "Raiffeisenbank".
LUKOIL's authorized capital amounts to 21.26 million rubles, it is divided into ordinary shares of par value of 0,025 rubles. American "ConocoPhillips"  ownes 20% stake in Lukoil, the company's president Alekperov directly and indirectly holds more than 20% of the shares, vice-president Leonid Fedun owns about 10% of the shares. "ConocoPhillips" in late July announced plans to sell its entire stake. 

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