Press Releases and Events
NOVATEK’s Board approves rouble bond registration
Moscow, 20 November 2012. The Board of Directors of OAO NOVATEK (“NOVATEK” or the “Company”) has unanimously approved the regulatory filing and registration of interest-bearing, non-convertible, Russian rouble bonds (“RR bond”).
According to the registration documents, the total maximum nominal value of the Company’s potential RR bond offering is RR 45 billion. The RR bond issue will be divided into four series with values of RR 10 billion, RR 10 billion, RR 10 billion and RR 15 billion, and each of the RR bond series will have a three-year maturity period and pay semi-annual coupons or a total of six coupon payments. The placement of the RR rouble bonds will take place at the MICEX-RTS Stock Exchange.
NOVATEK will issue the RR bond series as necessary for general corporate purposes.
Organizers of the RR bond issuance are ZAO Sberbank CIB and OJSC Gazprombank.
The Company’s CFO and Board member Mark Gyetvay stated: “On 15 October we successfully placed all of the remaining RR bond issue series registered in 2009. As a result, we have decided to register a new RR bond series, which accords us the flexibility to choose among different financial instruments, tenors and currency”.
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.