Press Releases and Events
NOVATEK closes rouble denominated Eurobond issue
Moscow, 20 February 2013. OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today the closing of its four-year rouble denominated Eurobond issue in an aggregate amount of RR 14.0 billion. The annual coupon rate is set at 7.75% with coupons payable semi-annually.
The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our first rouble denominated Eurobond issue and plan to use the proceeds for refinancing of our short-term debt”.
Barclays, Gazprombank, Goldman Sachs International and Sberbank CIB served as Joint Lead Managers on the issuance and Société Générale served as co-manager.
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.
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