UPDATE 3: Gazprom to place $2 bln Eurobonds at 3.25%

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MOSCOW, Feb 18 (PRIME) -- Russian gas giant Gazprom will place U.S. $2 billion of 10-year Eurobonds with the yield at 3.25% annually, a banking source told PRIME on Tuesday.

Demand for the Eurobonds exceeded $5.5 billion, the source said earlier.

The initial yield guidance was 3.625%, it was later reduced to 3.375–3.50% and then to 3.25–3.30%.

Bids were collected on Tuesday.

From February 13 through Monday, the company held meetings with investors in Boston, New York and London.

Gazprombank, J.P. Morgan, and UniCredit are the organizers.

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