Page 116 - RusRPTJan23

5–10%. The company is experienced in replacing bonds, he said.
“As of the moment, we carried out seven replacements in which settlements have already been done. This week, the bidding book for another series was closed, which means the eighth replacement is in the process,” he said, adding that the average ratio of conversion of Eurobond holders in the Russian infrastructure exceeded 95%.
Gazprom is to replace 15 more Eurobonds, and plans to offer additional bonds to the investors that failed to replace their bonds the first time, Dirks said.
116 RUSSIA Country Report January 2023 www.intellinews.com