Gazprom approves a program of perpetual bonds for 150 billion rubles

Gazprom approves a program of perpetual bonds for 150 billion rubles

Gazprom approves a program of perpetual bonds for 150 billion rubles

MOSCOW (Reuters) – Russian gas monopoly Gazprom (MCX: GAZP) is preparing a RUB 150bn exchange-traded bond program, issuer Gazprom Capital said.

The maximum maturity of the bonds has not been determined, the duration of the bond program is 100 years.

Gazprom discussed with the Ministry of Economy, the Ministry of Finance and the Ministry of Energy a possible issue of perpetual bonds with state support to finance gasification costs in 2021-2025.

(Elena Fabrichnaya. Editor Dmitry Antonov)

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