Russ Oil-Gas

07.08.2006 09:27 [Neftegaz.ru] - Gazprom's Board of Directors upheld the decision to issue three series of bonds worth 15 billion rubles. Bonds of A7, A8, and A9 series will be placed on the MICEX Stock Exchange at par. Each issue includes 5 mln securities of RUB 1,000 par. Bonds A7 will mature in 3 years, bonds A8 - in 5 years, bonds A9 - in 9 years. Gazprom entered the ruble bond market last time in August 2005 when it placed a loan of series A6 worth 5 bn rubles. The first coupon rate was set at 6.95%. The demand from investors exceeded 12 bn rubles. As AK&M reported earlier, Gazprom is arranging for a Eurobond loan worth $500 mln. The maturity is likely to be 30 years.