MOSCOW, December 2 (RIA Novosti) - Russian natural gas monopoly Gazprom issued a 1-billion euro bond to come to maturity in seven years, the company's news release said Friday. Luxembourg-based Gaz Capital S.A. emitted the issue within Gazprom's mid-term euro bonds program.
The annual coupon rate is 4.56%. The bond issue was organized by ABN AMRO and Credit Suisse First Boston.
Gazprom will use the funds to finance a corporate loan. In September, the energy giant purchased a 72.7% stake in Sibneft oil company for $13.1 billion.
Earlier, international rating agency Standard & Poor's assigned a BB rating to the senior unsecured loan participation notes by Gaz Capital S.A. to finance Gazprom's debt as part of a $15 billion loan program.
The rating reflects Gazprom's corporate credit rating, as securities holders will rely on the company's creditworthiness.
