LUKoil to Sell 1.5Bln In Convertible Bonds

10th December 2010, Comments 0 comments

LUKoil plans to sell 1.5 billion of convertible bonds due in 2015, its first sale of such debt in eight years. The unsecured bonds will have a coupon of 2.5 percent to 3 percent and will be convertible into LUKoil's American depositary receipts listed in London.

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