“Gazprom oil” has placed exchange bonds for 25 billion rubles, the company said.
The Issuer placed by open subscription of 25 million of bonds of a series 001Р-03R with a nominal value of 1,000 rubles each. A maturity of 5 years, the offer can not be exhibited.
Rate semi-annual coupon for the entire period of securities circulation on the results of collection of applications installed in the amount of 7.85% per annum.
“The high demand for bonds from all major categories of market investors, 55 applications from different accounts and more than twofold oversubscription enabled the company to close the order book at the rate of 7.85% per annum,” – said in a press release.
The organizers of the placement: Sberbank CIB, VTB Capital.
“The high interest of investors to the new market company bonds have allowed us to increase the volume of securities issue from the originally planned 20 billion rubles to 25 billion rubles In the framework of this issue we have made not only a record low coupon rate for market placements of bonds held by Russian corporate borrowers as of the end of 2013, but the minimum bet in the history of the placement of “Gazprom oil”, which is a convincing testimony to the efficient work of the Russian debt market”, – said Deputy General Director of “Gazprom oil” for Economics and Finance Alexey Yankevich.
The issue was placed in the framework of the program of exchange bonds totaling 100 billion rubles or its equivalent in foreign currency. Earlier in the programme, the company placed two bond issues in the amount of 30 billion rubles.