OREANDA-NEWS. Alliance Oil Company Ltd. has agreed to issue a USD 500 million seven-year senior unsecured Eurobond. The bond will mature on May 4th, 2020 and will pay a fixed coupon of 7% per annum.

The offering was placed in the international debt capital markets and met strong demand from US, European and Asian investors which allowed to determine the price of the transaction at the lower end of the price guidance with a yield of 7.125%.

The issue was done according to Rule 144A and Regulation S and is to be listed on the regulated market of the Irish Stock Exchange.

Alliance Oil Company Ltd is a leading independent oil and gas company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has substantial oil and gas reserves and downstream operations that include the Khabarovsk refinery and the leading network of gas stations and wholesale oil products terminals in the Russian Far East. Alliance Oil's depository receipts are traded on the NASDAQ OMX Stockholm under the symbol AOIL.