(ADPnews) - Feb 25, 2011 - Moody's said it rated at final Baa3 a total of USD 1.25 billion (EUR 909m) of loan participation notes (LPNs) issued by Novatek Finance Ltd for the purpose of bankrolling credits to Russian natural gas producer OAO Novatek (MCX:NOTK).
The debt is comprised of USD 600 million LPNs due 2016 and USD 650 million LPNs maturing in 2021.
The final rating mirrors the provisional one the agency had assigned to the securities. The definitive terms of the transaction are in line with the draft papers Moody's had …
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