Sibur shrugs off Saudi drone attack to print $500m

petrochemicals px230 for gc
By Lewis McLellan
17 Sep 2019

Russian petrochemicals firm Sibur was able to print $500m of five year paper in its return to the bond market this week, brushing off news of a drone attack on Saudi oil infrastructure and a subsequent 10% jump in the oil price.

Sibur’s new benchmark was priced with a yield of 3.45%, 30bp inside initial price thoughts. The bond is bid at par in the secondary market. Gazprombank, Goldman SachsJP Morganand Sberbank ran the books.

A banker at one of the leads called this a 5bp new issue premium. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.