Alliance Oil Company issues 7-year Eurobond
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 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 determinethe 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.
