By Lisa Kerner
Charlotte, N.C., June 25 - OAO Novatek announced that the coupon rate on its RUB 10 billion, three-year BO-1 bonds was set at 7½% annually.
Overall demand for the bonds amounted to RUB 30.7 billion, and the company satisfied 78 of 96 investor applications, according to a Novatek news release.
Proceeds will be used for general corporate purposes.
The managers for the bonds are CJSC Troika Dialog and OJSC Gazprombank.
Novatek is an independent gas producer based in Tarko-Sale, Russia.
| Issuer: | OAO Novatek
|
| Issue: | BO-1 bonds
|
| Amount: | RUB 10 billion
|
| Maturity: | Three years
|
| Coupon: | 7½%
|
| Price: | Par
|
| Managers: | CJSC Troika Dialog and OJSC Gazpromban
|
| Announcement date: | June 25
|
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