By Marisa Wong
Los Angeles, Feb. 25 – PJSC Gazprom said it placed on Tuesday $2 billion of 10-year loan participation notes with a coupon of 3¼%.
The notes were sold at par through subsidiary Gaz Finance plc, as previously announced.
GPB Financial Services Hong Kong Ltd., J.P. Morgan Securities plc and UniCredit acted as joint lead mangers and bookrunners for the Regulation S and Rule 144A offering.
The notes, which will be listed on the Irish Stock Exchange, are the first series to be issued under the company’s €30 billion medium-term note program.
Proceeds will be used to finance a loan to Gazprom, which will in turn be used for general corporate purposes.
Gazprom is a Moscow-based natural gas producer.
| Issuer: | Gaz Finance plc
|
| Issue: | Loan participation notes
|
| Amount: | $2 billion
|
| Maturity: | Feb. 25, 2030
|
| Bookrunners: | GPB Financial Services Hong Kong Ltd., J.P. Morgan Securities plc and UniCredit
|
| Coupon: | 3¼%
|
| Price: | Par
|
| Yield: | 3¼%
|
| Announcement date: | Feb. 19
|
| Settlement date: | Feb. 25
|
| Listing: | Euronext Dublin
|
| Distribution: | Regulation S and Rule 144A
|
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