Not for distribution in the US, Canada and Japan
Today, OAO “Gazprom” placed a US$1.2 billion Eurobond.
The issue was priced at par with a coupon of 8.625%, paid semi-annually. The tenor of the new Eurobond is 30 years with a 10-year put option (investors have the right to redeem the bonds at 100.00%).
Credit Suisse First Boston and Deutsche Bank acted as joint lead managers for the deal.
The proceeds of the issue will be used for general corporate purposes, including refinancing of the Company’s short term debt.
On 22 April 2004, the Company has been assigned a senior implied rating of Ba1 and an issuer rating of Ba2 by Moody’s Investor Services. OAO Gazprom also has a BB- rating from Standard and Poors and a BB rating from Fitch.
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OAO Gazprom Press Service
These materials are not an offer for sale of any securities of Gazprom in the United States. Any securities offered by Gazprom in connection with this potential offering may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended. Gazprom does not intend to register any portion of the offering in the United States or to conduct a public offering of the securities in the United States.
This communication is only being distributed to and directed only at (a) persons who are outside the United Kingdom or (b) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “Order”) or (c) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons mentioned in (a), (b) and (c) together being referred to as “relevant persons”). Any securities mentioned in this communication will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Stabilization/FSA.
This press release is not a public offer or advertisement of securities in the Russian Federation, and is not an offer, or an invitation to make offers, to purchase any securities in the Russian Federation.
phones: (095) 719-28-01
fax: (095) 718-63-85
e-mail: pr@gazprom.ru
http: // www.gazprom.ru
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