OREANDA-NEWS. NOVATEK (“NOVATEK” and/or the “Company”) announced today the closing of its four-year rouble denominated Eurobond issue in an aggregate amount of RR 14.0 billion. The annual coupon rate is set at 7.75% with coupons payable semi-annually.

The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our first rouble denominated Eurobond issue and plan to use the proceeds for refinancing of our short-term debt”.

Barclays, Gazprombank, Goldman Sachs International and Sberbank CIB served as Joint Lead Managers on the issuance and Societe Generale served as co-manager.

JSC NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 84% of Russia’s natural gas production and approximately 17% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.