Opening of order books for replacement of Gazprom’s Eurobonds of series 4 and 5 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 4 issued for the amount of USD 1.4 billion (with no maturity date, ISIN: XS2243631095/XS2243624470) and series 5 issued for the amount of EUR 1 billion (with no maturity date, ISIN: XS2243635757/XS2243636219). 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 4 and 5 Eurobonds for replacement bonds shall be submitted from 10:00 am (Moscow time) on January 11, 2023, to 06:00 pm (Moscow time) on January 18, 2023. The exchange-related settlements are planned to be performed in the period from January 19 to 23, 2023.
The public irrevocable offers are available at the webpages of the issuer:
https://gazpromcapital.ru/fileadmin/f/events/2023/2023.01.10-oferta-4.pdf (in Russian)
https://gazpromcapital.ru/fileadmin/f/events/2023/2023.01.10-oferta-5.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.