By Christine Van Dusen
Atlanta, Nov. 17 - Russia's OJSC Gazprom priced a $1.6 billion two-tranche issue of notes due 2016 and 2021 (Baa1/BBB/BBB) via bookrunners BNP Paribas and JPMorgan, a market source said.
The deal included $1 billion of 4.95% notes due May 23, 2016 that priced at par to yield mid-swaps plus 375 basis points and $600 million of 5.999% notes due Jan. 23, 2021 that priced at par to yield mid-swaps plus 390 bps.
The notes were distributed under Rule 144A and Regulation S.
Gazprom is a Moscow-based gas company.
| Issuer: | OJSC Gazprom
|
| Amount: | $1.6 billion
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, JPMorgan
|
| Trade date: | Nov. 16
|
| Settlement date: | Nov. 23
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Notes due 2016
|
| Amount: | $1 billion
|
| Maturity: | May 23, 2016
|
| Coupon: | 4.95%
|
| Price: | Par
|
| Yield: | 4.95%
|
| Spread: | Mid-swaps plus 375 bps
|
|
|
| Notes due 2021
|
| Amount: | $600 million
|
| Maturity: | Jan. 23, 2021
|
| Coupon: | 5.999%
|
| Price: | Par
|
| Yield: | 5.999%
|
| Spread: | Mid-swaps plus 390 bps
|
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