Registration: 144A/Reg S; Comments: Gazprom PJSC via Gaz Finance PLC (GAZPRU) exp Baa2/BBB-/BBB (s/s/s) US$2bn 144A/Reg S 8y sr unsec loan participation notes due 1/27/29. Gazprombank/JPM (B&D) as JGCs/JBRs, IMI-Intesa Sanpaolo/SMBC Nikko/VTB Capital as JLMs/JBRs. List Dublin. English Law. Pricing today. Settle 1/27. IPTs: 3.25-3.375%. PJSC Gazprom (GAZPRU), rated Baa2 (Stable) by Moody's, BBB- (Stable) by S&P and BBB (Stable) by Fitch, has mandated Gazprombank and J.P. Morgan as Joint Global Coordinators and Bookrunners and IMI-Intesa Sanpaolo, SMBC Nikko and VTB Capital as Joint Lead Managers and Bookrunners to organize a Global Investor Call that will take place today (19 January) at 1.00pm UKT / 2.00pm CET / 4.00pm MSK / 8.00am NYT and arrange a series of fixed-income investor calls on 19 January. A 144A/Reg S senior unsecured benchmark USD-denom Loan Participation Notes offering with maturity of 8yrs will follow, subject to market conditions.;

[GAZPROM]

Gazprom PJSC via Gaz Finance PLC (GAZPRU) exp Baa2/BBB-/BBB (s/s/s) US$2bn 144A/Reg S 8y sr unsec loan participation notes due 1/27/29. List Dublin. English Law. Settle 1/27.

VIA Gazprombank/JPM (B&D) as JGCs/JBRs, IMI-Intesa Sanpaolo/SMBC Nikko/VTB Capital as JLMs/JBRs.

• IPTs: 3.25-3.375%.
  GUIDANCE: 3.125% area. Orderbook to go subject 14.30 UKT / 09.30 NYT.
  FINAL GUIDANCE: 2.90-2.95%.
  LAUNCHED: $2bn 8y at 2.95%.

PRICED: $2bn 2.95% 1/27/29 100. 2.95% T+217.7 (MS+204.1).

As for r/v, outstanding GAZPRU was quoted as follows:

GAZPRU 5.150% due 02/11/26 (5.1yrs) $113.75 (2.25% YTW; ISP 172) - $1.25bn pxd Feb 2019
GAZPRU 4.950% due 03/23/27 (6.2yrs) $112.45 (2.74% YTW; ISP 204) - $750m pxd Mar 2017
GAZPRU 3.000% due 06/29/27 (6.5yrs) $102.02 (2.66% YTW; ISP 191) - $1BN PXD 6/23/20 MS+247.8
GAZPRU 3.250% due 02/25/30 (9.1yrs) $102.02 (2.99% YTW; ISP 198) - $2bn pxd 2/18/20 10UST+170
GAZPRU 8.625% due 04/28/34 (13.3yrs) $153.53 (3.61% YTW; ISP 230) - $1.2bn pxd Apr 2004

CONCESSION N/A. Final book will be released overnight.