Novatek plans to power up with $1.5bn bond

Russia's Novatek is roadshowing a dollar 144a loan participation note via lead managers BNP Paribas, Citi and Royal Bank of Scotland. The roadshow will visit London tomorrow, Germany on Friday, Los Angeles on Monday, Boston on Tuesday and finish in New York on Wednesday.

  • 20 Jan 2011

Novatek is Russia’s second largest gas company. The company is rated Ba3 by Moody’s and BBB- by Standard & Poor’s.

The indicated size of the bond is $1.5bn, said a fund manager in London.

Moody’s says that the anticipated maturity of the notes is not more than 10 years. ...

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1 Citi 99,250.27 279 13.10%
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5 Credit Suisse 41,885.89 127 5.53%