By Rebecca Melvin
New York, Feb. 17 – PJSC Gazprom subsidiary Gaz Finance plc has priced €1 billion of 1˝% loan participation notes due 2027, according to a notice.
The series 7 notes were priced under the company’s €30 billion medium-term loan program via GPB-Financial Services Ltd, J.P. Morgan Securities plc, Intesa Sanpaolo SpA, London Branch, SMBC Nikko Capital Markets Ltd. and VTB Capital plc as the bookrunners.
The proceeds of the Rule 144A and Regulation S offering will be used to finance a loan to Gazprom. The proceeds of the loan to Gazprom will be used for general corporate purposes.
The natural gas producer is based in Moscow.
| Issuer: | Gaz Finance plc
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| Issue: | Loan participation notes
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| Amount: | €1 billion
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| Maturity: | 2027
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| Bookrunners: | GPB-Financial Services Ltd, J.P. Morgan Securities plc, Intesa Sanpaolo SpA, London Branch, SMBC Nikko Capital Markets Ltd. and VTB Capital plc
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| Interest: | 1˝%
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| Announcement date: | Feb. 17
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| Distribution: | Rule 144A and Regulation S
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