NOVATEK Closes Ruble-Denominated Eurobond Issue

February 22, 2013

OAO NOVATEK announced the closing of its four-year rouble denominated Eurobond issue in an aggregate amount of RR 14.0 billion. The annual coupon rate is set at 7.75% with coupons payable semi-annually.
 
The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our first rouble denominated Eurobond issue and plan to use the proceeds for refinancing of our short-term debt”.
 
Barclays, Gazprombank, Goldman Sachs International and Sberbank CIB served as Joint Lead Managers on the issuance and Société Générale served as co-manager.