“Gazprom Neft” at the end of collection of applications has established the rate of the 1st coupon on bonds series 001P-04R at 7.70% per annum, according to the company. Rate 2-14-go coupons is equal to the rate of the 1st coupon.
The original indicative rate of the 1st coupon was announced at the level of 7.80-7.90% APR.
The technical placement of securities on the stock exchange on 21 December 2017.
The total volume of issue at face value is 10 billion. The nominal value of one security of the issue 1,000 roubles. The term of maturity – 7 years, the offer can not be exhibited.
“The high demand for bonds from all major categories of market investors, 29 applications from various accounts and the oversubscription of more than 2.8 times allowed the company several times to reduce the reference rate range and set it for 20 basis points lower than the upper bound of the original range — at the level of 7.70% per annum,” – said the press service of the company.
The issue is within the program of exchange bonds totaling 100 billion rubles or its equivalent in foreign currency. Earlier in the programme, the company placed three issues of bonds of 55 billion rubles.
“2017 becomes for the company a record number of bond issues. We fix positive tendencies in the Russian debt market, and in particular this proves the dynamics of interest rates, which achieves “Gazprom Neft” in the framework of the placements. During the fourth this year to issue ruble-denominated bonds, we set a record among corporate issuers in the rate of placement of 7 years, achieving a minimum value of coupon rate in the entire history of the Russian bond market”, – said Deputy General Director of “Gazprom oil” for Economics and Finance Alexey Yankevich.