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Published on 3/4/2020 in the Prospect News Emerging Markets Daily.

New Issue: GTLK Europe Capital sells $600 million seven-year notes at par

By Rebecca Melvin

New York, March 4 – GTLK Europe Capital DAC has priced $600 million seven-year senior bonds at par, according to a stabilization notice on Wednesday.

The notes will be guaranteed by PJSC State Transport Leasing Co., a Yamalo-Nenets, Russia, provider of credit to industries, as previously reported.

J.P. Morgan Securities plc, Citigroup, Gazprombank, Renaissance Capital, Sova Capital, Sovcombank and VTB Capital are stabilizing managers for the Regulation S deal.

The notes will be listed on Euronext Dublin.

The company is a wholly owned direct subsidiary of GTLK Europe DAC and is ultimately owned by Russia's State Transport Leasing.

Issuer:GTLK Europe Capital DAC
Guarantors:PJSC State Transport Leasing Co.
Issue:Notes
Amount:$600 million
Maturity:2027
Price:Par
Announcement date:March 4
Distribution:Regulation S

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