Opening of order book for replacement of Gazprom’s Eurobonds of series 6 with Russian bonds
RELEASE
Release
In line with the decision of PJSC Gazprom, Gazprom capital LLC will place an issue of Russian bonds replacing the Eurobonds of Gaz Finance plc of series 6 for the amount of USD 2 billion (coupon rate – 2.950 per cent per annum, maturity date – January 27, 2029; ISIN: XS2291819980/XS2291819717). The only Eurobonds to be accepted for replacement are those the rights to which are recorded in Russian depositories. Gazprom will serve as the guarantor for the replacement bonds.
Russian bonds will be placed via public subscription at the Moscow Exchange and over-the-counter market.
The applications for participating in the exchange of series 6 Eurobonds for replacement bonds shall be submitted from 10:00 am (Moscow time) on December 6, 2022, to 06:00 pm (Moscow time) on December 16, 2022. The exchange-related settlements are planned to be performed in the period from December 19 to 21, 2022.
The public irrevocable offer is available at the webpage of the issuer: https://gazpromcapital.ru/fileadmin/f/events/2022/2022.12.05-oferta-6.pdf (in Russian).
For any exchange-related inquiries, please contact the placement agent – Bank GPB (JSC): Exchange@gazprombank.ru.
Background
The issue of bonds to replace Gazprom's Eurobonds is subject to the requirements outlined in Executive Order of the President of the Russian Federation No. 430 “On the Repatriation by Residents Participating in Foreign Economic Activity of Foreign Currency and the Currency of the Russian Federation” dated July 5, 2022.