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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
MTRL
PRCD
SIBUR
Sibur Securities DAC$500
1EMEA
Jun 30, 2020
currency
USD
size (m)
500.000
maturity
Jul 8, 2025
type
Fixed
tenor
5.000
call
-
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Baa3
s&p
NR
fitch
BBB-
size description
-
re-open/tap
No
ipt
3.125-3.25%
ipt-pxd
-
guidance
Final Guid: 3.00% area (+/- 5), WPIR, 3.00-3.125%.
spread
266
coupon
2.950%
spread set
-
price
100.00000
yield
2.950%
book size (m)
975
peak book (m)
-
x-covered
1.95
book attrition
-
nic
-
billing & delivering
active leads
CTI, GAZ, GSC, JPM, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
975
peak book (m)
-
x-covered
1.95
book attrition
-
nic
-
billing & delivering
active leads
CTI, GAZ, GSC, JPM, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 975; Registration: 144A/Reg S; Comments: USD500m no-grow 5yr RegS/144A. Baa3/BBB-/BBB-. Citi/Gaz/GS/JPM(B&D)/VTB. IPTs 3.125%/3.25%, guidance 3%/3.125%, FPG 3% area (+/-5 WPIR) on bks >975m incl JLM, launch 500m @2.95%. MS+262.4 / T 0 ¼ 06/30/25 (99-25⅝, 0.290%) +266. FTT 8am Weds. ISINs: Reg S - XS2199713384 / 144a - US825795AC13.;
Deal Comments
SIBUR Securities DAC, exp issue ratings Baa3 (Moody’s) / BBB- (Fitch), US$500m (no grow) 144A/Reg S 5y sr unsec gtd notes due 7/8/25. Gtd by PJSC "SIBUR Holding", rated Baa3/BBB-/BBB-. Citi/Gazprombank/GS/JPM (B&D)/VTB Capital joint leads/books. English Law. List Euronext Dublin. UOP: gcp and/or refinancing of existing indebtedness. Books open, today's business. Stabilisation: FCA/ICMA. Settle 7/8 (T+5). IPTs: 3.125-3.25%.PJSC "SIBUR Holding", a leading and one of the largest petrochemical companies globally, rated Baa3 (Moody’s) / BBB- (S&P) / BBB- (Fitch), has mandated Citi, Gazprombank, Goldman Sachs International, J.P. Morgan and VTB Capital as Joint Lead Managers and Bookrunners to arrange a Global Investor Call on Monday 29th June at 11:00am UKT/12:00pm CET as well as a series of individual investor calls also commencing on Monday 29th June. A USD-denominated 500mn (WNG) Reg S/144A guaranteed bond offering with a maturity of 5 years will follow, subject to market conditions. FCA/ICMA stabilization applies.
Use of Proceeds
General corporate purposes
Relative Value

[SIBUR ADDS TO THE TOTAL]

SIBUR Securities DAC, exp issue ratings Baa3 (Moody’s) / BBB- (Fitch), US$500m (no grow) 144A/Reg S 5y sr unsec gtd notes due 7/8/25. Gtd by PJSC "SIBUR Holding", rated Baa3/BBB-/BBB-. Citi/Gazprombank/GS/JPM (B&D)/VTB Capital joint leads/books. English Law. List Euronext Dublin. UOP: gcp and/or refinancing of existing indebtedness. Books open, today's business. Stabilisation: FCA/ICMA. Settle 7/8 (T+5).

  • IPTs: 3.125-3.25%.
    GUIDANCE: 3.00-3.125%. Current books in excess of USD 850m (incl. JLM interest). Books subject at 2pm UKT/9am EST.
    FINAL GUIDANCE: 3.00% area (+/- 5), WPIR. Books in excess of USD975m (incl JLM interest).
    LAUNCHED: $500m 5y at 2.95%.

PRICED: $500m 2.95% 7/8/25 100.00 2.95% T+266.

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