By Rebecca Melvin
New York, July 13 – Gaz Capital SA, a subsidiary of Russia’s PJSC Gazprom, priced CHF 500 million five-year loan participation notes at par to yield 2½% on Thursday, according to a company news release.
Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Gazprombank (Switzerland) Ltd. and VTB Capital plc were the joint bookrunners and joint lead managers of the Regulation S deal.
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
|
| Guarantor: | PJSC Gazprom
|
| Amount: | CHF 500 million
|
| Maturity: | July 19, 2022
|
| Description: | Loan participation notes
|
| Bookrunners: | Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Gazprombank (Switzerland) Ltd. and VTB Capital plc
|
| Coupon: | 2½%
|
| Price: | Par
|
| Yield: | 2½%
|
| Trade date: | July 13
|
| Distribution: | Regulation S
|
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