By Aaron Hochman-Zimmerman
New York, July 22 - OAO Gazprom (A3/BBB/BBB) priced $500 million five-year loan participation notes with a spread of mid-swaps plus 310 basis points, according to a market source.
The deal came to market at par for a yield of 7.51%.
Morgan Stanley acted as the bookrunner for the Rule 144A and Regulation S deal.
Gazprom is a Moscow-based government-run oil firm.
| Issuer: | OAO Gazprom
|
| Amount: | $500 million
|
| Issue: | Loan participation notes
|
| Maturity: | July 21, 2013
|
| Coupon: | 7.51%
|
| Price: | Par
|
| Yield: | 7.51%
|
| Spread: | Mid-swaps plus 310 bps
|
| Bookrunner: | Morgan Stanley
|
| Pricing date: | July 22
|
| Settlement date: | July 31
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
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