By Reshmi Basu
New York, Oct. 20 - Russia's OAO Gazprom, the world's largest gas-producing company, sold a €780 million offering of bonds due February 2014 (Baa1/BBB-/BBB-) at par to yield 5.03%, according to a regulatory announcement.
The senior unsecured issue is structured as fixed-rate bullet bonds.
Citigroup, Dresdner Kleinwort, Goldman Sachs and Morgan Stanley were joint bookrunners for the Rule 144A and Regulation S deal, which was issued via Gaz Capital SA.
The company has headquarters in Moscow.
| Issuer: | OAO Gazprom
|
| Amount: | €780 million
|
| Issue: | Eurobonds
|
| Maturity: | Feb. 25, 2014
|
| Coupon: | 5.03%
|
| Issue price: | Par
|
| Yield: | 5.03%
|
| Call features: | Non-callable
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 25
|
| Bookrunners: | Citigroup, Dresdner Kleinwort, Goldman Sachs, Morgan Stanley
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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