Alliance Oil guides for generous seven year dollars
Alliance Oil has released price guidance on its dollar denominated seven year benchmark at 7.25% yield area, which a syndicate official away from the deal called generous. Books for the deal are open and the bond could be priced as early as today, said a syndicate official working on the trade.
Deutsche Bank, Gazprombank, Goldman Sachs and Raiffeisen Bank International are arranging the senior unsecured Reg S/144A Eurobond, which is the Russian oil and gas companys first for three years.
Alliance Oil last tapped the Eurobond market in March 2010, with an issue of $350m 9.875% 2015s.
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