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Gazprom Neft to redeem two bond issues of Rb15 bln ahead of schedule

August 16/2021

MOSCOW (MRC) -- Gazprom Neft will redeem BO-01 and BO-04 series bonds ahead of schedule on 24 August, said Finam with reference to the company's statement.

Bonds are repaid ahead of schedule at the outstanding part of the par value, while the coupon yield is paid for the coupon period, on the date of payment of which the securities are repaid ahead of schedule.

Bond issues with a total par value of Rb15 bln. were placed in 2016 with maturity in 2046.

As MRC reported before,  Gazprom Neft's net profit as per IFRS totalled Rb84.16 bln in the first quarter of 2021 versus a loss of Rb13.8 bln a year earlier. Gazprom Neft's revenue for the reporting period increased by 18.7% to Rb610.98 bln.

Gazprom Neft (headquartered in St. Petersburg, part of Gazprom, which owns 95.68% of its shares) is one of the largest Russian oil companies. In 2015, Gazprom Neft remained one of the leaders in the oil industry in terms of key performance indicators - the level of operating profit and return on invested capital. In 2015, Gazprom Neft produced 79.7 mln tonnes of hydrocarbons, increasing production by more than 20% compared to 2014 and thus achieving the highest production growth in the Russian oil industry.

Gazpromneft - Moscow Oil Refinery is a subsidiary of Gazprom Neft. The plant's production capacity is 12.15 mln tonnes/year of  hydrocarbons. The company produces motor gasolines, diesel, marine and aviation fuel, fuel oil, high-octane additives to motor gasoline, bitumen and gases for various purposes, as well as polypropylene (PP). And in 2010, Moscow Oil Refinery and SIBUR created a joint venture for PP production - NPP Neftekhimiya LLC.
Author:Margaret Volkova
Tags:PP, crude and gaz condensate, petrochemistry, adhesives, construction, Gazprom neft, Moscow Refinery, Russia.
Category:General News
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