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1 Jul 2009 07:12
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PressΒ Release
01.07.2009
Moscow
GAZPROM PLACESΒ 15 BLNΒ RUBLE-DENOMINATEDΒ SERIESΒ A11 AND A13Β BONDS
On 30 June 2009 Gazprom placed ruble-denominated series A11 and A13 bonds for the total amount of RUR 15 bln with annual coupon rates of 13.75% and 13.12% respectively. Book runners for the deal are Gazprombank and Citibank; co-runners are Horizon Corporate Finance, Renaissance Capital and FC Uralsib. BondΒ issueΒ A11Β for the amount ofΒ RURΒ 5Β blnΒ has a five-year maturity with a putΒ optionΒ in two years. BondΒ issueΒ A13Β forΒ theΒ amountΒ ofΒ RURΒ 10Β blnΒ hasΒ aΒ three-year maturity with a putΒ optionΒ in one year.Β Β The couponΒ periodsΒ forΒ theΒ bothΒ bondΒ issuesΒ areΒ 182Β days.Β
The orderbook exceededΒ RUR 45 bln, which was three timesΒ greaterΒ than theΒ transactions value.Β Β
The proceedsΒ fromΒ the offering of the Bonds will be usedΒ to financeΒ capital expendituresΒ of Gazprom, refinanceΒ the Company'sΒ debt and optimize the corporateΒ debtΒ portfolio structure.
Reference:
DuringΒ 1999Β - 2007Β GazpromΒ placedΒ 9Β seriesΒ ofΒ ruble-denominated bond issuesΒ for the total amount ofΒ RUR 48 bln.Β There are 5 outstanding bond issues for the total amount of RUR 25 bln at the moment.Β
INFORMATION DIRECTORATE, OAO GAZPROM
www.gazprom.com
_________________________________________________________________________________
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