Russian Energy Firm Lukoil Wants to Know Who Its Bondholders Are
- The company has begun a bondholder identification process
- Lukoil’s sanctioned co-founder and president has recently quit
The Lukoil-Nizhegorodnefteorgsintez refinery, operated by Lukoil, in Nizhny Novgorod, Russia.
Source: Bloomberg
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Russia’s second-biggest oil producer is looking to identify its creditors, as the firm attempts to pick its way through the complex web of new rules governing its interactions with foreign bondholders following the departure of its sanctioned co-founder.
Lukoil PJSC is asking investors of its foreign-denominated bonds to disclose their identity and how much they hold, according to people familiar with the matter who spoke on condition of anonymity.