By Susanna Moon
Chicago, Oct. 9 - OAO Novatek said it placed RUB 20 billion of BO-2, BO-3 and BO-4 series bonds with an 8.35% coupon and a three-year maturity.
Overall demand for the bonds was RUB 48.9 billion, representing applications from 86 investors with coupons ranging from 8.2% to 8.6%, according to a company press release.
Taking into account the existing demand, the company said it decided to accept 52 investor applications.
Proceeds will be used for general corporate purposes.
GPB (OJSC) and Sberbank CIB were the organizers of the issue.
The bonds will be placed on the Micex Stock Exchange on Oct. 15.
Novatek is an independent gas producer based in Tarko-Sale, Russia.
| Issuer: | OAO Novatek
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| Issue: | BO-2, BO-3 and BO-4 series bonds
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| Amount: | RUB 20 billion
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| Coupon: | 8.35%
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| Maturity: | Three years
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| Managers: | GPB (OJSC) and Sberbank CIB (organizers); Bank Rossiya, GlobexBank and ZAO UniCredit Bank (co-organizers); Ronin LLC (underwriter); and OJSC Promsvyazbank, KIT Finance Ltd, TKB Capital and JSC Pervobank (co-underwriters)
|
| Pricing date: | Oct. 9
|
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