Today, Bashneft has placed series BO-02 exchange-traded bonds with a par value of 10 billion roubles (ID number of the issue: 4B02-02-00013-A dated August 29, 2011), with the coupon rate of 10.5% per annum and a put option in 2023.

On May 23, 2016, Bashneft bought out two issues of exchange-traded bonds (series BO-04 with a put option in 2020 and series BO-07 with a put option in 2021) in full (10 billion roubles) before their maturity date. Series BO-04 and series BO-07 exchange-traded bonds had a coupon of 12% and 12.1% per annum respectively.

Transactions in bonds will enable the Company to extend the tenor of debt considerably, to achieve a flatter repayment profile and to reduce the average cost of debt.

CJSC Sberbank CIB acted as the agent for the buyback and the arranger of placement of the new exchange-traded bond issue.

OAO Bashneft published this content on 24 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 May 2016 12:50:02 UTC.

Original documenthttp://www.bashneft.com/press/releases/8603/

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