Sibur returns to bond market, buoyed by Saudi drone strike

Sibur 230x150
By Lewis McLellan
16 Sep 2019

The blow to oil production in the Middle East seems to have boosted demand for Russian petrochemical giant Sibur's five year dollar benchmark on Monday — the issuer’s first bond in two years.

Initial price thoughts for the Reg S/144A deal were set at 3.75% area. Gazprombank, Goldman Sachs, JP Morgan and Sberbank are running the books. Leads were able to revise guidance to 3.625% area.

The deal is the first emerging markets bond to come in the wake ...

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