By Rebecca Melvin
New York, March 15 – Gaz Capital SA, a subsidiary of Russia’s PJSC Gazprom, priced €750 million eight-year notes at par to yield 2½%, according to an announcement on Thursday.
The notes had been talked at a duration of eight to 10 years, and a smaller deal size was anticipated, according to a market source.
J.P. Morgan Securities plc, Renaissance Capital, Deutsche Bank, Gazprombank and VTB Capital were the bookrunners for the Regulation S deal.
Moscow-based Gazprom is Russia’s largest state-owned energy company.
| Issuer: | Gaz Capital SA
|
| Parent: | PJSC Gazprom
|
| Issue: | Notes
|
| Amount: | €750 million
|
| Maturity: | March 21, 2026
|
| Bookrunners: | J.P. Morgan Securities plc, Renaissance Capital, Deutsche Bank, Gazprombank and VTB Capital
|
| Coupon: | 2½%
|
| Price: | Par
|
| Yield: | 2½%
|
| Pricing date: | March 14
|
| Settlement date: | March 21
|
| Distribution: | Regulation S
|
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