NOVATEK announced that the order book has closed for the placement of the Company’s BO-2, BO-3 and BO-4 Russian roubles bond series in the amount of RR 20 billion with a three-year maturity.
The coupon rate on the bonds was set at 8.35% annually based on the book building results.
Overall demand for the bonds amounted to RR 48.9 billion, representing applications from 86 investors with annual coupon rates ranging from 8.20% to 8.60%. Taking into account the existing demand the Company decided to accept 52 investor applications.
The bonds will be placed on the MICEX Stock Exchange on 15 October 2012 with the proceeds from the issuance used for general corporate purposes.
GPB (OJSC) and Sberbank CIB served as organizers of the issuance, BANK ROSSIYA, GLOBEXBANK and ZAO UniCredit Bank served as co-organizers, RONIN LLC – as underwriter, and OJSC Promsvyazbank, KIT Finance Ltd, TKB Capital and JSC Pervobank – as co-underwriters.
[mappress] LNG World News Staff, October 10, 2012; Image: Novatek