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MOSCOW, Feb 6 (PRIME) -- Russian gas giant Gazprom has decided to sell U.S. $1.25 billion 7-year dollar Eurobonds maturing in February 2026 at 5.15% annually, a financial source told PRIME on Wednesday.
Demand for the bonds exceeded U.S. $5.4 billion.
The initial yield guidance was defined at 5.5–5.625% annually, but it was cut to around 5.375% annually and once more to 5.15–5.25% annually during the bookbuilding.
Gazprombank, J.P. Morgan, Banca IMI, Credit Agricole CIB, Mizuho Securities, Renaissance Capital, SMBC Nikko and VTB Capital act as the organizers.
Gazprom held a road show for the Eurobonds on Monday and Tuesday in Los Angeles, New York, and San Francisco.
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