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. Last Updated: 07/27/2016

LUKoil to Hold Tender

MOSCOW () -- LUKoil will hold a tender next month to select underwriters to place part of an ambitious convertible bond issue on western markets, a company news release said.


Financial institutions have from Sept. 4 through Sept. 18 to bid for the right to place 350,000 bonds abroad. The paper would be swapped for 59.5 million ordinary LUKoil shares beginning April 6, 1996, with each bond worth 170 shares.


The issue spans a total 460,000 bonds, each nominally worth 5 million rubles ($1,140).