Events

23.05.2023 09:54

NOVATEK Successfully Places Rouble Bonds

Moscow, 23 May 2023. PAO NOVATEK (“NOVATEK” and/or the “Company”) successfully closed the order book for the placement of the Company’s Russian rouble (“RR”) bonds in the amount of RR 30 billion (the “bonds”). The bonds with a three-year maturity and a par value of RR 1,000 were placed on the Moscow Exchange. The bonds’ per annum coupon rate of 9.1% will be paid on a quarterly basis. The placement received a ’ruAAA’ credit rating from rating agency Expert RA. 

The placement also sparked keen interest among investors, and the overall demand reached almost RR 80 billion. The transaction will be settled on the Moscow Exchange today, on 23 May 2023. The issuance was organized by Gazprombank and Rosselkhozbank.