Today OJSC Gazprom placed EUR500 million of loan participation notes, due 2017 and USD1.35 billion of loan participation notes, due 2016. The notes were issued by Gaz Capital S.A., a Luxembourg special purpose vehicle, under Gazprom’s Loan Participation Note Programme.

The loan participation notes were priced at par. The EUR denominated notes have an annual coupon of 5.136% and the USD denominated notes have an annual coupon of 6.212%. Credit Suisse Securities (Europe) Limited and UBS Limited acted as joint lead managers and bookrunners.

The proceeds of the offering will be used to finance a loan to OJSC Gazprom, the proceeds of which will be used for general corporate purposes.