Gazprom Launches Bond Issue

On Wednesday Gazprom placed ruble-denominated Series A9 bonds for the amount of RUR 5 billion with a face value of RUR 1,000 and a 7-year maturity.

The coupon yield payable every 182nd day for Series A9 was set at 7.23 percent as a result of contest at the Moscow Inter-Bank Currency Exchange. Investors placed bids for the total sum of over RUR 9 billion.

The bond issue was arranged by Renaissance Capital Investment Group and Rosbank, with Horizon Investment Company serving as co-arranger and Federal Fund Corporation acting as financial consultant.

The funds raised are intended to finance capital expenditures, implement new promising projects of Gazprom, refinance the Company's short-term debt and optimize the corporate loan portfolio structure.

Gazprom first placed its Series A1 RUR 3 billion bonds in July 1999, with the second placement of the A2 RUR 5 billion bonds taking place in November 2002. On February 3, 2004, Gazprom placed the A3 RUR 10 billion bonds. The A5 RUR 5 billion bonds were placed in October 2004, with the A4 and A6 bonds, each worth RUR 5 billion, floated in February and August 2005, respectively.

On September 28, 2006, the Federal Financial Markets Service registered the Gazprom A7, A8 and A9, each worth RUR 5 billion, bond issues with a maturity of 3, 5 and 7 years, respectively. The issue of Gazprom's A7 and A8 bonds with 3 and 5 years maturities took place on November 2, 2006.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Staff Project Controls Specialist (San Diego, CA)
Expertise: Planner / Scheduler|Project Controls
Location: CA 92037, United States, CA
Production Analyst
Expertise: Accounting|Financial Analyst
Location: Midland, TX
US Houston: Accounting Supervisor (Financial Forecasting)
Expertise: Accounting|Financial Analyst
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours