Gazprom to borrow EUR 1 bln on foreign market

REUTERS

The company collected requests on Thursday for the issue of Eurobonds, with the initial benchmark yield projected at 5-5,125% annually, reads the report.

Later, Gazprom" reduced profitablility forecast, setting it at 4.625%.

Banca IMI, JP Morgan and UniCredit Bank are organizing placement of Eurobonds.

Read alsoGazprom fears potential litigation with Yukos' ex-shareholdersA few days earlier, another big Russian company - Norilsk Nickel – emerged on the European public debt market.

The mining holding sold Eurobonds worth $1 billion at a 6.625% interest rate. The main buyers of securities became investors from the US and the UK, acquiring 64% of the total issue.