Opening of order book for replacement of Gazprom’s Eurobonds of series 44 with Russian bonds
RELEASE
Release
In line with the decision of PJSC Gazprom, Gazprom capital LLC will place an issue of replacement bonds, i.e. Russian bonds replacing the Eurobonds of Gaz Capital S.A. of series 44 issued in 2017 for the amount of EUR 750 million. 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 44 Eurobonds for replacement bonds shall be submitted from 10:00 am (Moscow time) on October 27, 2022, to 06:00 pm (Moscow time) on November 7, 2022. The exchange-related settlements are planned to be performed in the period from November 8 to 10, 2022.
The public irrevocable offer is available at the webpage of the issuer: https://gazpromcapital.ru/fileadmin/f/events/2022/2022.10.26-oferta.pdf (in Russian).
For any exchange-related inquiries, please contact the placement agent – Bank GPB (JSC): Exchange@gazprombank.ru.
Background
The coupon rate for series 44 Eurobonds of Gaz Capital S.A. is 2.25 per cent per annum, maturity date – November 22, 2024;ISIN: XS1721463500.
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.