On June 30, 2009 Gazprom placed A11 and A13 ruble bonds in total value of RUB 15 billion with the coupon rate of 13.75 per cent and 13.12 per cent per year respectively. The bonds issue was arranged by Gazprombank and Citibank with Horizon – Corporate Finance, Renaissance Capital and Uralsib serving as co-arrangers.

The A11 RUB 5 billion bonds stipulate a 5-year maturity period with the buy-back option available in 2 years. The A13 RUB 10 billion bonds stipulate a 3-year maturity period with the buy-back option available in 1 year. The coupon yield is payable every 182nd day for both series.

The aggregate demand was over RUB 45 billion which surpassed the planned issue volume threefold.

The outsourced funds will be used to cover Gazprom“s investments, partial repayment of the Company“s debt and optimization of the debt portfolio structure.

Background:

From 1999 to 2007 Gazprom placed nine issues of ruble bonds with the aggregate value of RUB 48 billion. There are five issues totally valued at RUB 25 billion in circulation now.