Russian Energy Giant Gazprom to Issue 8-Year Eurobonds in Euro – Source
Sputnik/ Maksim BlinovBusiness11:42 14.03.2018(updated 11:43 14.03.2018) Get short URL
MOSCOW (Sputnik) – Russia’s Gazprom is planning to issue eight-year Eurobonds in euros, a banking source told Sputnik on Wednesday.
According to the source, the yield stands at around 2.875 percent.
Earlier, a banking source told Sputnik that Russia’s Gazprom is planning to issue five-year Eurobonds worth up to 750 million Swiss francs ($795 million). The company plans that the Eurobonds will have the maturity of 5-7 years, depending on market conditions.
On February 26-27, Gazprom held meetings with investors in Geneva and Zurich devoted to the possible placement of its Eurobonds.
READ MORE: Russia to Issue Special Eurobonds to Boost Capital Return — Finance Minister
A Eurobond is a bond that is placed in a currency that is different from the currency of the country or market in which it is issued.