New Issue: Russia's Novatek sells $1 billion 4.422% 10-year notes at par with 285 bps spread

By Christine Van Dusen

Atlanta, Dec. 7 - Russia's OAO Novatek sold $1 billion 4.422% 10-year notes (Baa3/BBB-/BBB-) at par, or Treasuries plus 285 basis points, a market source said.

The notes priced in line with talk.

Barclays, Gazprombank, Goldman Sachs and Sberbank were the bookrunners for the Rule 144A and Regulation S deal.

Novatek is an independent gas producer based in Tarko-Sale, Russia.

Issuer:	OAO Novatek
Amount:	$1 billion
Maturity:	Dec. 13, 2022
Description:	Notes
Bookrunners:	Barclays, Gazprombank, Goldman Sachs, Sberbank
Coupon:	4.422%
Price:	Par
Yield:	4.422%
Spread:	Treasuries plus 285 bps
Trade date:	Dec. 7
Settlement date:	Dec. 13
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB-
	Fitch: BBB-
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 285 bps

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