Akin Gump Advises LUKOIL in $1 Billion Eurobond Offering

Tuesday, January 24, 2017 - 14:07

PJSC “LUKOIL” has announced the completion of the issuance of $1 billion of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 4.75 percent per annum.The notes have been issued by LUKOIL International Finance B.V. and guaranteed by PJSC “LUKOIL.”

A team from Akin Gump advised LUKOIL in the offering, from which the company intends to use the net proceeds for general corporate purposes, including the refinancing of certain existing indebtedness.

The Akin Gump team was led by oil and gas partner Natalia Baratiants and cross-border transactions partners Dan Walsh and Robert Aulsebrook. It also included: In Cross-Border Transactions, Jonathan PicoOlga TeAnna SemashkoInderveer Hothi, Dmitry ShiryaevMelissa Schwartz, and Anna Kardash; In Oil and Gas, Alexey Kondratchik and Alexander Urlyapov; In Corporate, Bruce Mendelsohn; In International Trade, Wynn Segall, Nnedi Ifudu Nweke and Dallas Woodrum; In Investment ManagementJohn HoltonBarbara Niederkofler and Steve Vine; and in Tax, Bruce Simonetti and Louis Zivot.