Opening of order book for additional replacement of Gazprom’s Eurobonds of series 7 with Russian bonds
RELEASE
Release
Gazprom carries on the additional exchanges of Eurobonds for the bond holders who could not take part in the initial replacement operations.
In line with the decision of PJSC Gazprom, Gazprom capital LLC will place an additional issue of Russian bonds replacing the Eurobonds of Gaz Finance plс of series 7 issued for the amount of EUR 1 billion (maturity date – February 17, 2027; ISIN: XS2301292400, XS2301291931).
As before, 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 7 Eurobonds for replacement bonds shall be submitted from 10:00 am (Moscow time) on December 4, 2023, to 03:00 pm (Moscow time) on December 12, 2023. The exchange-related settlements are planned to be performed in the period from December 13 to 18, 2023.
The public irrevocable offer is available at the webpage of the issuer:
https://gazpromcapital.ru/fileadmin/f/events/2023/2023.12.01-oferta-07-dop.pdf (in Russian).
For any exchange-related inquiries, please contact the placement agent – Bank GPB (JSC): Exchange@gazprombank.ru.
Background
The first issue of Russian bonds replacing the Eurobonds of series 7 was placed in February 2023.
The issues of bonds to replace Gazprom's Eurobonds are 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.