OREANDA-NEWS. February 27, 2013. The order book for NOVATEK’s debut issue of Eurobonds worth RUB 14 bln was successfully closed.

The bonds have a maturity period of four years and a coupon rate of 7.750%. Novatek Finance Limited (Ireland) was the issuer.

The Eurobonds were sold under RegS/144A rules and are now listed on the Irish Stock Exchange (ISE). Sberbank CIB was one of the arrangers of the issue.
 
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NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons.

The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 84% of Russia’s natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on the Moscow Exchange and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.