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Gazprom Fixes Yield for Seven-year Euro Bond

Posted by November 10, 2016

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)

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