By Angela McDaniels
Tacoma, Wash., July 1 - OAO Gazprom placed RUB 15 billion of ruble-denominated bonds in two tranches on Tuesday, according to a company news release.
The RUB 5 billion of series A11 bonds have a coupon of 13¾%. They mature in five years and have a put option after two years
The RUB 10 billion of series A13 bonds carry a coupon of 13.12% and mature in three years. They have a put option after one year.
The bookrunners are Gazprombank and Citibank, with Horizon Corporate Finance, Renaissance Capital and FC Uralsib as co-bookrunners.
The proceeds will be used to finance capital expenditures, to refinance debt and to optimize the company's corporate debt portfolio structure.
Orders for this offering exceeded RUB 45 billion, the news release stated.
The Moscow-based energy firm said that it issued RUB 48 billion of ruble-denominated bonds in nine series from 1999 to 2007 and that RUB 25 billion of this amount remains outstanding.
| Issuer: | OAO Gazprom
|
| Issue: | Ruble-denominated bonds
|
| Amount: | RUB 15 billion
|
| Bookrunners: | Gazprombank and Citibank (leads), with Horizon Corporate Finance, Renaissance Capital and FC Uralsib
|
| Settlement date: | June 30
|
|
|
| Series A11
|
| Amount: | RUB 5 billion
|
| Maturity: | 2014
|
| Coupon: | 13¾%
|
| Price: | Par
|
| Yield: | 13¾%
|
| Put option: | After two years
|
|
|
| Series A13
|
| Amount: | RUB 10 billion
|
| Maturity: | 2012
|
| Coupon: | 13.12%
|
| Price: | Par
|
| Yield: | 13.12%
|
| Put option: | After one year
|
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