Eurobonds

Email Page

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.

Details
Issuer EDC Finance Limited
Company (borrower) EDC Finance Limited
Currency US$
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
Code Regulation S:
ISIN: XS0918604496
Common Code: 091860449
Rule 144A:
ISIN: US26832KAA25
Common Code: 091869357
CUSIP: 26832KAA2
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.

Prospectus
You can find EDC's Eurobond prospectus on the Irish Stock Exchange website here 

Press release
You can find a press release on EDC's Eurobond placement here.