Report: Gazprom studies Eurobonds issuance in Russia, UK in 2019

MOSCOW, Jul 30 (PRIME) -- Russian gas giant Gazprom is considering issuing Eurobonds in Russia or the U.K. in 2019 to test market interest, Bloomberg reported on Tuesday citing a source close to the company’s plans.

The company may use a newly established U.K.-based unit as its Luxembourg’s subsidiaries Gaz Capital and GazAsia are at risk due to a court dispute with Ukraine’s state energy holding Naftogaz Ukrainy.

In 2018, the Stockholm arbitration court ruled that Gazprom must pay Naftogaz Ukrainy U.S. $2.56 billion for non-shipment of gas.

(63.5210 rubles – U.S. $1)

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