OOO Burovoya Kompaniya Eurasia (BKE) is the largest onshore drilling contractor in Russia
On 17 April 2013 Eurasia Drilling Company Limited announced placement of its debut Eurobond issue due 2020 raising US 600 million in gross proceeds with an annual coupon rate of 4.875%. The issuer of the offering was EDC Finance Limited, a company incorporated under the laws of Ireland.
|Issuer||EDC Finance Limited|
|Company (borrower)||EDC Finance Limited|
|Amount of issue||US$ 600,000,000|
|Date of placement||17 April 2013|
|Maturity date||17 April 2020|
|Coupon rate||4.875% per annum, payable semi-annually|
|Interest payment dates||17 April and 17 October in each year, commencing on October 17, 2013|
|Listing||Irish Stock Exchange|
|Security type||Guaranteed notes|
Common Code: 091860449
Common Code: 091869357
|Issue Ratings*||Standard & Poor's Credit
Market Services Europe Limited.: BB+
Fitch Ratings Limited.: BB
|Organisers/Joint lead managers||Bank of America Merrill Lynch, Goldman Sachs International, Sberbank CIB|
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating organization.
You can find EDC's Eurobond prospectus on the Irish Stock Exchange website here
You can find a press release on EDC's Eurobond placement here.