REUTERS
Russian gas monopoly Gazprom is placing three-year Eurobonds worth EUR 1 billion at 4.625%, according to a source in banking circles, Russia’s business news agency Prime reports.
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.