OREANDA-NEWS. Gazprom has placed the A7 and A8 corporate bonds worth RUR 5 billion each, with the face value of RUR 1,000 and maturity of 3 and 5 years, respectively.

The A7 coupon yield payable semi-annually was set at 6.79% as a result of competitive evaluation at the Moscow Inter-Bank Currency Exchange. Investors placed bids worth RUR 9.6 billion.

The A8 coupon yield payable semi-annually was set at 7% as a result of competitive evaluation at the Moscow Inter-Bank Currency Exchange. Investors placed bids worth RUR 7.4 billion.

The loan underwriters were the Renaissance Capital Investment Group and Rosbank, with the Horizon Investment Company and United Financial Group involved as a co-underwriter and financial consultant, respectively.

The loan will go for financing capital expenditures to maintain current operational level, the new projects to be introduced, the short-term debt servicing and the optimization of debt structure.