By Aaron Hochman-Zimmerman
New York, April 2 - OAO Gazprom priced CHF 400 million of two-year loan participation notes at par with a coupon of 9% (A3/BBB/BBB), according to a market source.
The deal was originally announced at a minimum CHF 200 million. Pricing matched talk for a yield in the 9% area.
BNP Paribas acted as bookrunner for the deal.
Gazprom is a Moscow-based government-run energy firm.
Issuer: OAO Gazprom
Issue: Loan participation notes
| Amount: | CHF 400 million
|
| Maturity: | 2011
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Bookrunners: | BNP Paribas
|
| Pricing date: | April 2
|
| Settlement date: | April 23
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Price talk: | 9% area
|
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