Gazprom has opened a book of applications for additional substitution of Series 2 Eurobonds

AK&M 24 March 2023 19:30

Gazprom has opened a book of applications for additional substitution of Eurobonds of series 2 with Russian bonds. This is stated in the company's message.

Gazprom Capital LLC will place an additional issue of Russian bonds replacing Gaz Capital S.A. Series 2 Eurobonds in the amount of $1.2 billion (maturity date – April 28, 2034, issue identification number – ISIN: XS0191754729, US368266AA08). 

As before, only those Eurobonds whose rights are registered in Russian depositories are subject to substitution. Gazprom PJSC will act as a guarantor for the replacement bonds. 

The placement of Russian bonds will be carried out by open subscription on the Moscow Stock Exchange and the over-the-counter market. 

The application period for participation in the exchange of Series 2 Eurobonds for replacement bonds is set from 10:00 MSK on March 24, 2023 to 16:00 MSK on April 3, 2023. The exchange settlements are scheduled for April 4-6, 2023.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mello.

Gazprom Group's net profit under IFRS for the first half of 2022 increased 2.6 times and amounted to 2.5 trillion rubles. The group's EBITDA increased by 2 times and amounted to 3.05 trillion rubles.