Press Releases and Events
Results of NOVATEK Board оf Directors
Moscow, 15 April 2013. The Board of Directors of OAO NOVATEK (“NOVATEK” or the “Company”) has approved to amend the registration documents for the previously approved interest-bearing, non-convertible Russian rouble bonds (“RR bond”).
The Board resolved to amend the Prospectus for the previously approved placement of BO-05, BO-06, BO-07 and BO-08 bond series due to recent changes in the Russian legislation on securities market, which became effective in January 2013. The amendment includes increasing the maturity of each bond series from three to ten years.
NOVATEK will issue the RR bond series as necessary for general corporate purposes.
On 16 November 2012, NOVATEK’s Board of Directors approved the regulatory filing and registration of interest-bearing, non-convertible, Russian rouble bonds for the total maximum nominal value of RR 45 billion. The RR bond issue is divided into four series (BO-05, BO-06, BO-07 and BO-08) with values of RR 10 billion, RR 10 billion, RR 10 billion and RR 15 billion, with the placement of the RR rouble bonds to take place at the MICEX-RTS Stock Exchange.
PAO NOVATEK is one of the largest independent natural gas producers 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 Area, 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.