PJSC 'Nizhnekamskneftekhim' (NKNK 2015) Eurobonds, which debut issue took place at the end of the year 2005, are finally and fully refunded.

On December 22, 2015 NKNK Finance plc (Ireland) paid to holders of Eurobonds the NKNK 2015 coupon income in the amount of 131 775.50 thousand US Dollars and repaid the 1/10 of the issue i.e. 3 million 100.6 thousand US Dollars in accordance with the repayment schedule.

The volume of the NKNK 2015 Eurobond issue is 200 Mio US Dollars, the interest rate is 8.5% per annum for the whole period of circulation, with the payment of income every six months. Maturity is 10 years. The issue was fully placed at 100% of par.

The deal was unique for the Russian debt capital market as the Eurobond issue was arranged by Russian banks for the first time. Preparatory work took some years, the company commenced its activities on the debt market having involved bilateral loans first, and later, beginning from the year 2001, PJSC 'Nizhnekamskneftekhim' was the first among Russian petrochemical companies which successfully joined the public capital market by making 4 Ruble bond issues.

Some efforts to improve transparency of the deal and the preparation of financial statements in accordance with the international standards allowed the Company to get from the rating agencies the highest rating among the Russian petrochemical companies, which was the basis for the international capital markets expansion.

Borrowed funds were directed to the optimization of borrowings' structure of PJSC 'Nizhnekamskneftekhim' and financing of investment projects (revamp of the ethylene complex, polypropylene and polyethylene production units).

The company had no cases of default during its activity, paid coupon profit and the principal amount of all liabilities in due time.

Press service PJSC Nizhnekamskneftekhim
423574, R.F. Republic of Tatarstan, Nizhnekamsk, OAO Nizhnekamskneftekhim
Tel: +7 (8555) 37-78-64
Tel/ fax : +7 (8555) 37-74-92
E-mail : inform@nknh.ru

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OAO Nizhhnekamskneftekhim issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-09 15:05:16 UTC

Original Document: https://www.nknh.ru/en/pressroom/news/pjsc-nizhnekamskneftekhim-paid-out-the-nknk-2015-eurobonds-coupon-profit-lpn-and-redeemed-the-issue/