Gazprom will place Russian Eurobond series 41 substitute bonds, - the company

Eurobonds of Series 41 were issued for the amount of $750 million. The coupon rate is 4.95% per annum, and the maturity date is March 23, 2027.

The secondary bonds will have the same parameters in terms of the size and timing of coupon payments, maturity and face value.

At the same time, payments will be made in rubles at the exchange rate of the Bank of Russia on the date of the corresponding payment.

These actions reduce the issuer's risk of non-payment of coupons to foreign residents, as well as simplify settlements with investors.