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Published on 11/17/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

New Issue: Russia's Gazprom prices $1 billion 5.092% notes due 2015 at mid-swaps plus 340 bps

By Christine Van Dusen

Atlanta, Nov. 17 - Russia's OAO Gazprom priced $1 billion 5.092% notes due Nov. 29, 2015 (Baa1/BBB/BBB) at par to yield mid-swaps plus 340 basis points, an informed market source said.

JPMorgan and Credit Agricole CIB were the bookrunners for the Rule 144A and Regulation S deal, which was talked at a spread in the mid-swaps plus 240 bps to 350 bps area.

Gazprom is an energy company based in Moscow.

Issuer:OAO Gazprom
Amount:$1 billion
Maturity:2015
Description:Notes
Bookrunners:JPMorgan, Credit Agricole CIB
Coupon:5.092%
Price:Par
Yield:5.092%
Spread:Mid-swaps plus 340 bps
Trade date:Nov. 17
Settlement date:Nov. 29
Ratings:Moody's: Baa1
Standard & Poor's: BBB
Fitch: BBB
Distribution:Rule 144A and Regulation S
Price talk:Mid-swaps plus 240 bps to 350 bps

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