Published on 11/10/2021 in the Prospect News Emerging Markets Daily.
New Issue: Gaz Finance prices €500 million seven-year loan participation notes at par
By Rebecca Melvin
Concord, N.H., Nov. 10 – Gaz Finance plc priced €500 million seven-year loan participation notes at par, according to a post-stabilization notice on Wednesday.
J.P. Morgan Securities plc, Gazprombank, Mizuho, SberCIB and UniCredit Bank were managers of the Regulation S deal.
According to Fitch Ratings, the notes (expected rating: //BBB) are being issued on a limited recourse basis to fund loans to Moscow-based natural gas producer Gazprom.
| Issuer: | Gaz Finance plc
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| Issue: | Loan participation notes
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| Amount: | €500 million
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| Maturity: | Seven years
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| Bookrunners: | J.P. Morgan Securities plc, Gazprombank, Mizuho, SberCIB and UniCredit Bank
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| Coupon: | 1.85%
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| Price: | Par
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| Announcement date: | Nov. 10
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| Settlement date: | Nov. 17
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| Expected ratings: | Fitch: BBB
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| Distribution: | Rule 144A and Regulation S
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