Gazprom Fixes Yield for Seven-year Euro Bond
Russian state-owned energy company Gazprom has fixed the yield for a seven-year euro benchmark bond at 3.125%, in line with revised guidance.
The company initially started marketing the deal at low 3%, before setting guidance at 3.125% area.
Order books are in excess of 1.35bn for the offering.
The Reg S/144A issue is today's business. Bank of China (BACHF), Gazprombank, JP Morgan and UniCredit are the lead managers.
Gazprom is rated Ba1/BB+/BBB-.
(Reporting by Robert Hogg)
