OREANDA-NEWS. June 30, 2010. NOVATEK (“NOVATEK” and/or the “Company”) announced that the order book has closed for the placement of the Company’s  BO-1 rouble bond series in the amount of RR 10 billion and a three-year maturity.

Based on the book building results, the coupon rate on the bonds was set at 7.50% annually. Overall demand during the subscription period amounted to RR 30.7 billion, representing applications from 96 investors with annual coupon rates ranging from 7.00% to 8.25%. Taking into account the placement costs, coupon rates and existing demand, the Company satisfied 78 investor applications.

CJSC “Investment Company “Troika Dialog” and OJSC Gazprombank served as organizers of the RR bond issuance. The proceeds from the bond issue will be used for general corporate purposes.

According to NOVATEK’s Chief Financial Officer, Mark Gyetvay, “The successful book building for NOVATEK’s bond issue demonstrates investors’ positive assessment of our strong financial position, credit worthiness and operational stability.”