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IC - Russia & FSU Briefs - May 01, 2019
Russian oilfield services company Eurasia Drilling Co. in April bought back over $537 million principal amount of its 4.875% eurobonds due 2020 at 101.65, leaving about $62.5 million outstanding. On April 23 it issued RUB15 billion ($237 million) principal amount of 8.55% senior secured notes due 2022 at 99.96. The issue is likely an upsized private placement announced earlier in which the company was expected to sell RUB10 billion of three-year bonds through Russian banks Alfa-Bank, Sovcombank and Rosbank. Ukrainian solar startup SolarGaps received a €1 million grant......
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