"This is a landmark transaction for YUKOS and the Russian corporate finance market", said YUKOS CFO Bruce Misamore. "We view it as a very positive indication of the financial community's confidence in YUKOS' operational and financial prospects."
The lead arrangers have fully underwritten the loan, and the syndication of the loan will be launched soon. In the event of over-subscription, the facility may be increased.
SG CIB is the Coordinating Bank for the facility with Citigroup, HSBC and SG CIB acting as Joint Bookrunners. The Russian subsidiaries of Commerzbank, Credit Lyonnais and SG CIB are Deal Passport Banks.
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