Gazprom Neft successfully completed the placement of its series 001P-02R exchange-traded bonds, with a nominal value of RUB 15 billion, and a maturity of 7years. The coupon rate is set at 8.25% per annum, and the coupon period at 6 months, the company reported on August 8, 2017.
Sberbank acted as arranger and placement agent.
Settlement took place on 8 August 2017 on the Moscow Exchange (MOEX).
Alexey Yankevich, Deputy CEO for Economics and Finance, Gazprom Neft, commented: «This new placement of Gazprom Neft bonds achieved the lowest coupon rate of all 7-year-maturity bond placements by Russian corporate borrowers since the end of 2013. In addition to this, we have been able to achieve the lowest spread on federal bonds, at 51 basis points.»
The Analytical Credit Rating Agency (ACRA) has assigned a high AAA(RU) credit rating to this new Gazprom Neft bond issue, this credit rating having been assigned to the company’s bonds for the 1st time.
9 issues of Gazprom Neft bonds are also currently in circulation, with a total value of RUB 95 billion.
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