Gazprombank postpones bond offering over poor market
MOSCOW, Jun 19 (PRIME) -- RussiaТs Gazprombank has postponed an offer of 15 billion rubles of 3-year exchange bonds indefinitely due to an unfavorable market situation, the bank said in a statement on Tuesday.
УWe are monitoring the situation and will decide on market placement, depending on the market situation,Ф the bank said.
The first coupon guidance was set at 7.5Ц7.6%, which corresponds to a yield to maturity of 7.64Ц7.74%.
(63.4838 rubles Ц U.S. $1)