23 Jul 2008 16:11
Yesterday OJSC Gazprom priced $500 MM of loan participation notes due July 31, 2013 (the "Notes"). The notes were issued by Gaz Capital S.A., a Luxembourg special purpose vehicle, under Gazprom's $30 Bn Loan Participation Note Programme. The transaction was upsized from the originally announced $450 MM target due to significant demand from institutional investors. The Gazprom offering was the only debt deal priced yesterday across Investment Grade, Emerging Markets and High Yield Bonds.
The Notes were priced at par and have an annual coupon of 7.51%. Morgan Stanley & Co. International plc acted as the sole bookrunner with respect to the notes.
OJSC GAZPROM INFORMATION DIVISION
These materials are not an offer for sale of any securities of OJSC Gazprom in the United States. Any securities of OJSC Gazprom may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. OJSC Gazprom does not intend to register any portion of the offering in the United States or to conduct a public offering of any securities in the United States. The securities will be sold in the United States only to accredited investors pursuant to an exemption from registration under the Securities Act, and subsequently resold to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S persons in accordance with Regulation S under the Securities Act.
This communication is only being distributed to and directed only at (a) persons who are outside the United Kingdom or (b) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (c) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons mentioned in (a), (b) and (c) together being referred to as "relevant persons"). Any securities mentioned in this communication will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This document is not a prospectus and, to the extent that it may constitute an advertisement, it does not constitute an offer to sell or the solicitation of an offer to purchase notes or other securities of Gaz Capital S.A. or OJSC Gazprom. Investors should not subscribe for any notes referred to in this document except on the basis of the information contained in the final prospectus and/or series prospectus relating to the notes. Investors will be able to obtain a copy of them from Deutsche Bank AG, London Branch, 1 Great Winchester Street, London EC2N 2DB, United Kingdom, Deutsche Bank Luxembourg S.A., 2 Boulevard Konrad Adenauer, L-1115, Luxembourg and Deutsche International Corporate Services (Ireland) Limited, 5 Harbourmaster Place, IFSC, Dublin, Republic of Ireland, as Paying Agents and from Gaz Capital S.A. at 2 Boulevard Konrad Adenauer, L-1115, Luxembourg.
This press release is not a public offer or advertisement of securities in the Russian Federation, and is not an offer, or an invitation to make offers, to purchase any securities in the Russian Federation.
phones: (495) 719-28-01
fax: (495) 719-90-08
e-mail: pr@gazprom.ru
http: // www.gazprom.ru