By Reshmi Basu
New York, Feb. 21 - Russia's state-controlled gas producer OAO Gazprom said it sold a 5 billion rubles offering of seven-year bonds Wednesday.
The bonds were priced with a coupon of 7.23%.
Proceeds from the sale will be used for capital expenditures, for new projects and for short-term debt refinancing.
Investor demand was 9 billion rubles.
Renaissance Capital Investment Group and Rosbank were lead managers.
| Issuer: | OAO Gazprom
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| Issue: | A9 series bonds
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| Amount: | 5 billion rubles
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| Maturity: | 2014
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| Coupon: | 7.23%
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| Pricing date: | Feb. 21
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| Lead managers: | Renaissance Capital Investment Group, Rosbank
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