PAO NOVATEK : NOVATEK Successfully Places Rouble Bonds

Press Releases and Events NOVATEK Successfully Places Rouble Bonds

Moscow, 23 May 2023. PAO NOVATEK ("NOVATEK" and/or the "Company") successfully closed the order book for the placement of the Company's Russian rouble ("RR") bonds in the amount of RR 30 billion (the "bonds"). The bonds with a three-year maturity and a par value of RR 1,000 were placed on the Moscow Exchange. The bonds' per annum coupon rate of 9.1% will be paid on a quarterly basis. The placement received a 'ruAAA' credit rating from rating agency Expert RA.

The placement also sparked keen interest among investors, and the overall demand reached almost RR 80 billion. The transaction will be settled on the Moscow Exchange today, on 23 May 2023. The issuance was organized by Gazprombank and Rosselkhozbank.

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company's subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 15% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.

To news