Support The Moscow Times!

Novatek Places $463M Bond

Novatek, Russia's largest independent gas producer, raised 14 billion rubles ($463 million) in four-year eurobonds, a banking source said Tuesday.

The source added that the yield was set at 7.75 percent, the same as the initial guidance. Barclays, Gazprombank, Goldman Sachs and Sberbank CIB were arranging the deal.

Novatek joins a number of Russian companies taking advantage of favorable conditions in the bond markets as well as positive investor sentiment toward emerging markets.

Since the start of the year, Russian borrowers have raised about $11 billion via eurobond deals, which compares with $53 billion all last year.


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more