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Debt portfolio structure of Gazprom by types of borrowings, % |
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Highlights of Gazprom’s Bond Loans |
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Prospectuses, resolutions and reports on bonds issuance
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Gazprom’s credit rating as of
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Finance Outsourcing
Just like any other big company Gazprom is actively raising funds in its everyday business activities both in the Russian and international financial markets.
Since 2002 Gazprom has been implementing a package of measures within the debt management process to achieve the following goals:
– Maintain Gazprom’s current balance liquidity.
– Decrease overfunding and arrange for free security reserves as unpledged export contracts.
– Diversify borrowing instruments and expand available segments of the financial market
– Facilitate debt management for the purpose of raising the credit rating to the investment level.
– Reduce the burden on Gazprom’s balance through a phased increase in a share of projects executed on the project financing principles.
– Decrease the surety commitment scope.
In 2004 the policy stepped up by the management team was approved by the Gazprom Board of Directors as the Long-Term Borrowing Principles for the Period up to 2013. The Principles aim to ensure sustained financing of the Company’s operating activities and enhance its investment attractiveness.
Ratings
An increase in Gazprom’s credit ratings confirms the Company’s status of a reliable borrower thus enabling it to easily attract least-cost financial resources in the Russian and international capital markets.
Optimizing Debt Portfolio Structure
Gazprom is working at the optimization of the debt portfolio structure, in particular by reducing the share of credits secured by the receipts from export contracts
More about Gazprom Securities:
– Gazprom in Questions and Answers
– Press conference on financial and economic policy
– Affiliated persons (in Russian)