Gazprom received Euromoney Magazine highest Award for placing bonds in the Russian and western markets

Mr. Martin Born, the President of the Euromoney group, presented the company’s representatives with certificate confirming that Gazprom was named the best loaner of the internal market in 2002, and the placement of bonds which took place in April and October of 2002 – the deal of the year. According to the opinion of Euromoney magazine, Gazprom has managed to place bonds to the sum of US$ 1 billion in the European and American markets successfully. As the magazine points out that this was an extremely important deal, which had opened Gazprom to new investors. No Russian company managed to place its securities at such a profitable yield of bonds – 9.125%.

Besides, Gazprom placed internal bonds to the sum of RR 5 billion on favorable conditions. Due to the excess of demand over supply, the profitability of the bonds placement turned out significantly lower than had been expected – 16.3% against 17.2%. As the Euromoney points out, this bond placement determined the price guiding lines for the entire Russian market.

The award of this authoritative edition is another evidence of Gazprom’s sound position on the world financial market and of the attractiveness of its securities both for Russian and foreign investors.

Information Directorate, OAO Gazprom

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