Published on 11/23/2016 in the Prospect News Emerging Markets Daily.
New Issue: Russia’s Gazprom prices CHF 500 million 2¾% loan participation notes due 2021 at par
By Christine Van Dusen
Atlanta, Nov. 23 – Russia’s PJSC Gazprom – via Gaz Capital SA – priced CHF 500 million five-year notes at par to yield 2¾% on Wednesday, according to a company filing.
Deutsche Bank, Gazprombank, UBS and VTB Capital were the bookrunners.
The proceeds of the offering will be used to finance a euro loan to Gazprom. The proceeds of the loan to Gazprom will be used for general corporate purposes.
Gazprom is a Moscow-based natural gas producer.
| Issuer: | Gaz Capital SA
|
| Amount: | CHF 500 million
|
| Maturity: | Nov. 30, 2021
|
| Description: | Loan participation notes
|
| Bookrunners: | Deutsche Bank, Gazprombank, UBS, VTB Capital
|
| Coupon: | 2¾%
|
| Price: | Par
|
| Yield: | 2¾%
|
| Trade date: | Nov. 23
|
| Settlement date: | Nov. 30
|
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