ADVERTISEMENT

Gazprom launches $500 mln 5-year Eurobond

MNB

Russian gas giant Gazprom launched $500-million five-year Eurobond, according to International Financing Review (IFR), a Thomson Reuters publication.

The deal launched at a yield of 310 basis points (bps) over mid-swaps, higher than Gazprom's five-year debt that currently trades at around 270-280 bps.

The energy giant was originally seeking $450 million.

Morgan Stanley is the sole manager of the deal.

Mid-swaps are an arithmetical average of the bid and offer interest rate quoted in trade between banks.

Gazprom raised $1.1 billion in April via a bond with five- and 10-year tranches. (Reuters)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.