Gazprom Neft’s anti-COVID-19 programme

Read more
  • Main page
  • Newsroom
  • News
  • OJSC Gazprom Neft Reports Closing of the Order Book under Commercial Paper Series BO-05 and BO-06 Issuance

OJSC Gazprom Neft Reports Closing of the Order Book under Commercial Paper Series BO-05 and BO-06 Issuance

On April 9, 2010, the order book was closed under OJSC Gazprom Neft commercial paper issuance series BO-05 and series BO-06 with aggregate nominal value of R20 billion and maturity in 1092 days.

Over the course of book building, applications were submitted by 67 investors, with coupon rates ranging between 6.00% and 7.50% annually. Overall demand during marketing amounted to R29 286 million.

Based upon the book building results, OJSC Gazprom Neft decided to set the coupon rate on the bonds at 7.15% annually. Given the market situation, cost of placement, coupon rates on the bonds and existing demand, OJSC Gazprom Neft has decided to satisfy 46 investor applications.

Settlements under the deal will take place upon bond placement on the MICEX Stock Exchange on April 13, 2010.

Deputy General Director of Economics and Finance at Gazprom Neft Vadim Yakovlev said “We are pleased that investors once again met Gazprom Neft’s commercial paper with interest, which means we have chosen the right strategy for our operations on debt capital markets.”

According to Andrei Sharonov, Head of Investment Banking at CJSC Troika Dialog Investment Company, the commercial paper issuance by OJSC Gazprom Neft elicited considerable interest among market participants, allowing the company to set the lowest coupon rate of all corporate debt placements with maturity under three years since the opening of the primary placements market in spring 2009.

The Lead Arranger of the offering is Troika Dialog.
Notes for editors
Gazprom Neft is one of the largest and fastest-growing firms in Russia’s oil and gas sector. The company’s main business lines are exploration, processing, extraction and sales of oil and gas, as well as manufacturing and sales of oil products. Gazprom Neft carries out its operations in Russia’s largest oil and gas-bearing regions: Khanty-Mansisk and Yamalo-Nenetsky autonomous districts and the Tomsk and Omsk regions. The company’s main processing facilities are located in the Omsk, Moscow and Yaroslavl regions. Gazprom Neft has proven oil reserves exceeding 4 billion barrels.
Included in Gazprom Neft Group are more than 40 oil-extraction, oil-processing and realization businesses in 18 regions of the Russian Federation and adjacent countries, united by a principle of vertical integration.
Gazprom Neft exports its products to 48 countries in addition to realization across the entire territory of the Russian Federation via a branch network of proprietary sales businesses. The company presently manages some 900 gas stations in Russia and the CIS.
For further information please contact:
Department of Corporate Communications
Department of Information Policy
OJSC Gazprom Neft
Тел.: (495) 777-3143

About Troika Dialog:
Founded in 1991, Troika Dialog is the leading independent full service investment bank and asset management firm in Russia. The company’s business consists of securities sales and trading, investment banking, private wealth and asset management, retail distribution and alternative investment. Troika Dialog’s operations are located in 21 cities across Russia plus offices in London, New York, Kyiv, Almaty and Nicosia.
For further information please contact:
Polina Novoselova, tel.: +7 (495) 258-05-19, e-mail: