Press Releases and Events
NOVATEK closes rоuble bond placement
Moscow, 09 October 2012. OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the order book has closed for the placement of the Company’s BO-2, BO-3 and BO-4 Russian roubles (“RR”) 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.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.