NOVATEK announced today the closing of its ten-year Eurobond issue due 2022 in an aggregate amount of US$ 1.0 billion, which was more than three-times oversubscribed based on the book building results. The annual coupon rate is set at 4.422% with coupons payable semi-annually.
The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our new Eurobond issue within our ten-year debut bond curve, reflecting the Company’s strong financial position and our future prospects for sustainable growth, combined with investors’ appetite for high quality issuance out of Russia with investment grade ratings.”
The Joint Lead Managers for the Eurobond issue were Barclays, Gazprombank, Goldman Sachs International and Sberbank CIB.
