PJSC NOVATEK has collected an order book for the issue of 5-year bonds with a fixed coupon series 001Р-02 in an amount equivalent to $750 million, with settlements in Russian rubles. This was reported by the press service of Gazprombank, which acted as the organizer and placement agent.
The quarterly coupon rate is set at 6.25% per annum.
The issue was met with increased interest from investors. During the collection of the order book, the benchmark coupon rate was reduced twice by a total of 25 bps. p., and the final volume of placement in Russian rubles was increased from the equivalent of $200 million to the equivalent of $750 million.
The transaction became the largest market placement of bonds of a corporate issuer on the Russian market linked to foreign currency for a period 5 years.
The placement is scheduled for May 22, 2024 on the Moscow Exchange.
The last time NOVATEK raised financing in foreign currency on the debt markets in Eurobond format in December 2012 in the amount of $1 billion.
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