Gazprom places $1.5 bln in Eurobonds
Gazprom has placed $1.5 billion in Eurobonds under its program of foreign borrowing to raise funds for corporate development and short-term debt refinancing, the energy giant said on Thursday.
The first Eurobond tranche, worth $400 million, carries a coupon rate of 7.34% and matures in 2013, while the second $1.1 billion bond issue will yield 8.15% and is due to be redeemed in 2018, Gazprom said. Citigroup Global Markets Limited and Morgan Stanley & Co. International plc. are the bond issue’s book-runners, Gazprom said. (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.