By Christine Van Dusen
Atlanta, March 17 – Russia’s PJSC Gazprom – through special purpose vehicle Gaz Capital SA – priced CHF 500 million of 3 3/8% loan participation notes due Nov. 30, 2018 at par to yield 3 3/8%, according to a company news release.
Deutsche Bank AG Zurich branch, Gazprombank (Switzerland) Ltd. and UBS AG were the joint bookrunners for the Regulation S deal.
The proceeds will be used to finance a loan to Gazprom, which will use it for general corporate purposes.
Gazprom is a Moscow-based natural gas producer.
| Issuer: | Gaz Capital SA (PJSC Gazprom)
|
| Description: | Series 38 loan participation notes
|
| Amount: | CHF 500 million
|
| Maturity: | Nov. 30, 2018
|
| Bookrunners: | Deutsche Bank AG Zurich branch, Gazprombank (Switzerland) Ltd., UBS AG
|
| Co-managers: | Renaissance Securities (senior)
|
| Coupon: | 3 3/8%
|
| Price: | Par
|
| Yield: | 3 3/8%
|
| Trade date: | March 16
|
| Settlement date: | March 30
|
| Distribution: | Regulation S
|
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