Novatek returns to the ruble bond market after 11 years – IF

MOSCOW, May 15 (Reuters) – On May 18, Novatek, Russia’s largest producer of liquefied natural gas, will call for applications for three-year bonds worth at least 20 billion rubles, Interfax reported, citing a financial market source.

Novatek announced on Monday that the issue was registered by the Moscow Stock Exchange.

The benchmark for the return on securities assumes a premium to OFZ of no more than 105 basis points over a period of 3 years. The issue includes quarterly coupons. The technical internship is scheduled for May 23. The issue is organized by Gazprombank.

This will be the first issue under the company’s bond program worth 75 billion rubles, which was listed on the Moscow Stock Exchange in December 2016.

The last time Novatek, which is in the process of buying Anglo-Dutch Shell shares in the Sakhalin-2 project, entered the ruble bond market in October 2012. Three years later, the documents were bought out. (Oksana Kobzeva. Editor Dmitry Antonov)