OREANDA-NEWS. On 23rd February, 2007 Transneft priced a successful bond market debut, with the issue of a total of USD1.300 million of loan participation notes. The proceeds of the issue will be used to finance construction of the Eastern Siberian – Pacific Ocean Pipeline.

The joint bookrunners for the transaction were Credit Suisse and Goldman Sachs International. Transneft Finance acted as financial advisor to Transneft.

Following a strong investor response to the 7-year 144A/Regulation S Notes offering, the pricing was revised to MS+55bps from MS+60bps.