By Christine Van Dusen and Aleesia Forni
Columbus, Ohio, Feb. 13 - Russia's OAO Novatek priced a RUB 14 billion issue of 7¾% four-year notes (Baa3/BBB-/BBB-) at par, according to a market source.
The notes priced on top of talk.
Barclays, Gazprombank, Goldman Sachs and Sberbank were bookrunners for the Rule 144A and Regulation S deal.
The company previously held a roadshow in London and New York.
Novatek is an independent gas producer based in Tarko-Sale, Russia.
| Issuer: | OAO Novatek
|
| Issue: | Notes
|
| Amount: | RUB 14 billion
|
| Maturity: | Feb. 21, 2017
|
| Bookrunners: | Barclays, Gazprombank, Goldman Sachs, Sberbank
|
| Coupon: | 7¾%
|
| Price: | Par
|
| Yield: | 7¾%
|
| Trade date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Price talk: | 7¾%
|
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