TransCreditBank co-arranges a bond issue of Gazprom.

Gazprom placed its series A9 RUR bond issue at MICEX. The deal was arranged by Renaissance Capital Investment Group and JSC Rosbank. TransCreditBank along with a number of other major Russian financial institutions acted as a co-arranger of the issue.

Total issue size is RUR5 bn. Maturity – 7 years. Face value of a bond is RUR1,000.

The bond carries 14 coupons. The coupon rate payable each 182 days was set at 7.23% p.a. based on results of the MICEX tender. Investors submitted bids for the total of RUR9 bn.

Proceeds of the deal will be used to finance capital expenditures, to implement new lucrative projects of Gazprom, to refinance part of its debt and to optimize the debt portfolio structure.

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