Gazprom places $1.5 bln in Eurobonds

Debt

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)

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