Opening of order books for replacement of Gazprom’s Eurobonds of series 2 and 46 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 plс of series 2 issued for the amount of EUR 1 billion (maturity date – April 15, 2025; ISIN: XS2157526315) and the Eurobonds of Gaz Capital S.A. of series 46 issued for the amount of EUR 750 million (maturity date – March 21, 2026; ISIN: XS1795409082). 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 2 and 46 Eurobonds for replacement bonds shall be submitted from 10:00 am (Moscow time) on March 1, 2023, to 04:00 PM (Moscow time) on March 10, 2023. The exchange-related settlements with regard to series 2 Eurobonds are planned to be performed in the period from March 13 to 16, 2023, and with regard to series 46 Eurobonds – in the period from March 13 to 15, 2023.
The public irrevocable offers are available at the webpages of the issuer:
https://gazpromcapital.ru/fileadmin/f/events/2023/2023.02.28-oferta-2.pdf (in Russian);
https://gazpromcapital.ru/fileadmin/f/events/2023/2023.02.28-oferta-46.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.