21 Jun 2010 16:22

NOVATEK begins accepting bids for 10 bln rubles in exchange bonds

MOSCOW. June 21 (Interfax) - NOVATEK began accepting bids on Monday for a first series of exchange bonds totaling 10 billion rubles, the company said in a statement.

The book-building will take place from 4:00 p.m. Moscow time on June 21 to 5:00 p.m. on June 25. The bonds will be placed on the MICEX exchange on June 29.

MICEX approved placement of four issues of NOVATEK exchange bonds totaling 30 billion rubles on October 9, 2009.

The four series include two issues of 10 billion rubles each and two of 5 billion rubles.

The bonds will circulate for three years. They bear six semiannual coupons.

Troika Dialog and Gazprombank are the issue organizers.