Gazprom Neft successfully completes RUB15 billion placement of 001P-01R-series exchange-traded bonds with a coupon rate of 8.7 percent

Press-release Efficiency

5 April 2017 — Gazprom Neft has successfully closed the book-building of its series 001P-01R exchanged-traded bonds, with a nominal value of RUB15 billion, a maturity of five years, and a semi-annual coupon period.

High demand for the offering from all categories of market investors, together with a two-fold oversubscription, allowed Gazprom Neft to close the book with a coupon rate of 8.7 percent per year.

Sberbank CIB and Promsvyazbank PJSC acted as arrangers, with Sberbank CIB acting as placement agent. Settlement will take place on 12 April 2017 on the Moscow Exchange (MOEX).

Alexei Yankevich, Deputy CEO for Economics and Finance, Gazprom Neft, commented: “Gazprom Neft’s first market placement in 2017 has been marked by the now traditional high interest from the investment community. We have been able to achieve the lowest coupon rate of all five-year-maturity bond placements by Russian corporate borrowers since 2013.”