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(LUKOIL) -- OAO LUKOIL announced the
completion of the issuance of U.S.$1.5 billion 2.625 per cent senior unsecured
convertible bonds due June 2015.
The bonds are convertible into American Depositary Receipts ("ADRs")
listed on the London Stock Exchange each representing one ordinary share of OAO
LUKOIL.
LUKOIL intends to use the proceeds of the offering for general corporate
purposes.
This issuance of senior unsecured convertible bonds represents the first
post crisis major issue of convertible debentures. Due to high investment grade
rating of the Company and positive investor attitude towards the oil and gas
sector, the transaction created a strong demand by the investment community.
mrcplast.com
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