By Marisa Wong
Los Angeles, June 30 – Russia’s PJSC Gazprom priced $1 billion of seven-year loan participation notes (//BBB) with a coupon of 3%, according to a notice.
The notes were issued at par through subsidiary Gaz Finance plc, as previously reported.
Gazprombank, J.P. Morgan Securities plc, Banca IMI, Natixis and VTB Capital are bookrunners of the Regulation S deal.
Proceeds will be used to finance a loan to Gazprom, which will then use funds for general corporate purposes, according to a press release.
The natural gas producer is based in Moscow.
| Issuer: | Gaz Finance plc
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| Obligor: | PJSC Gazprom
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| Issue: | Loan participation notes, series 3
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| Amount: | $1 billion
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| Maturity: | June 29, 2027
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| Bookrunners: | Gazprombank, J.P. Morgan Securities plc (joint global coordinators); Banca IMI, Natixis and VTB Capital (joint lead managers)
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| Coupon: | 3%
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| Price: | Par
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| Yield: | 3%
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| Settlement date: | June 29
|
| Rating: | Fitch: BBB
|
| Listing: | Euronext Dublin
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| Distribution: | Regulation S
|
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