NOVATEK said that its Board of Directors has unanimously approved the regulatory filing and registration of interest-bearing, non-convertible, Russian rouble bonds.
According to the registration documents, the total maximum nominal value of the Company’s potential RR bond offering is RR 45 billion.
The RR bond issue will be divided into four series with values of RR 10 billion, RR 10 billion, RR 10 billion and RR 15 billion, and each of the RR bond series will have a three-year maturity period and pay semi-annual coupons or a total of six coupon payments.
The placement of the RR rouble bonds will take place at the MICEX-RTS Stock Exchange.
NOVATEK will issue the RR bond series as necessary for general corporate purposes.
Organizers of the RR bond issuance are ZAO Sberbank CIB and OJSC Gazprombank.
The Company’s CFO and Board member Mark Gyetvay stated: “On 15 October we successfully placed all of the remaining RR bond issue series registered in 2009. As a result, we have decided to register a new RR bond series, which accords us the flexibility to choose among different financial instruments, tenors and currency”.
[mappress] LNG World News Staff, November 21, 2012