By Rebecca Melvin
Concord, N.H., July 14 – PJSC Gazprom subsidiary Gaz Finance plc priced €1 billion of 3˝% loan participation notes due 2031, according to a notice.
The series 9 notes were priced under the company’s €30 billion medium-term loan program via Bank GPB International S.A., J.P. Morgan Securities plc, Intesa Sanpaolo S.p.A., London Branch, MUFG Securities EMEA plc and Sberbank CIB (UK) Ltd. acted as joint lead managers and 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, series 9
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| Amount: | €1 billion
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| Maturity: | 2031
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| Bookrunners: | GPB International S.A., J.P. Morgan Securities plc, Intesa Sanpaolo S.p.A., London Branch, MUFG Securities EMEA plc and Sberbank CIB (UK) Ltd.
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| Interest: | 3˝%
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| Announcement date: | July 14
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| Distribution: | Rule 144A and Regulation S
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