OREANDA-NEWS. Gazprom Neft has successfully completed the placement of its series 001P-02R exchange-traded bonds, with a nominal value of RUB15 billion, and a maturity of seven years. The coupon rate is set at 8.25% per annum, and the coupon period at six months.

Gazprom Neft has successfully closed the book-building of its series 001P-02R exchange-traded bonds, with a nominal value of RUB15 billion, and a maturity of seven years. Gazprom Neft has closed the book with a coupon rate of 8.25%, and a semi-annual coupon period.

Sberbank CIB PJSC acted as arranger and placement agent. Settlement took place on 8 August 2017 on the Moscow Exchange (MOEX).

Alexey Yankevich, Deputy CEO for Economics and Finance, Gazprom Neft, commented: «This new placement of Gazprom Neft bonds achieved the lowest coupon rate of all seven-year-maturity bond placements by Russian corporate borrowers since the end of 2013. In addition to this, we have been able to achieve the lowest spread on federal bonds, at 51 basis points.»