Gazprom Places 5 Billion Rouble-Denominated Series A9 Bonds
OREANDA-NEWS Gazprom has 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 per cent 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, re-finance the Company's short-term debt and optimize the corporate loan portfolio structure.
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