New York, Feb. 16 – PJSC Gazprom placed two issues of exchange-traded bonds totaling RUB 30 billion on Thursday, according to an announcement from the company.
Both issues have a 10-year maturity with an early settlement option after seven years.
The coupon for each series of bond is 8.9%, which Gazprom said is the minimum rate for exchange-traded bonds from Russian corporate borrowers.
The bonds, series BO-5 and series BO-6, were issued through the company’s Gazprom Capital LLC subsidiary and will trade on the Moscow Exchange.
Sberbank CIB, VTB Capital and Gazprombank were the arrangers for BO-5 and Sberbank CIB and VTB Capital for BO-6.
Proceeds will be used for general corporate purposes.
Gazprom said it has two other ruble-denominated bond issues totaling RUB 15 billion trading on the Moscow Exchange. One of these issues, for RUB 10 billion, was scheduled to be redeemed on Thursday.
Gazprom is a Moscow-based natural gas company.
| Issuer: | Gazprom Capital LLC (PJSC Gazprom)
|
| Issue: | Exchange traded bonds series BO-5 and series BO-6
|
| Amount: | RUB 30 billion
|
| Maturity: | 10 years
|
| Coupon: | 8.9%
|
| Early settlement: | Seven years
|
| Announcement date: | Feb. 16
|
| Arrangers: | Sberbank CIB, VTB Capital and Gazprombank (BO-5), Sberbank CIB and VTB Capital (BO-6)
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
