UPDATE 3: Source: Gazprom sets final dollar Eurobond yield at 3.5% - Financial Wire - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE 3: Source: Gazprom sets final dollar Eurobond yield at 3.5%

(Rewrites headline, lede)

MOSCOW, Jul 7 (PRIME) -- Russian gas giant Gazprom has set the final yield for 10-year U.S. dollar-denominated Eurobonds at 3.5%, a financial source told PRIME on Wednesday.

The initial yield guidance was set at 3.875%, it was later cut to 3.65Ц3.70%, and then to 3.5Ц3.6%.

The expected placement amounts to U.S. $1 billion and investors' demand exceeds $2.8 billion, the source said.

Gazprom has held a series of investor calls to coordinate the possible Eurobond sale since Monday.

Gazprombank, J.P. Morgan, IMI-Intesa Sanpaolo, MUFG, and Sber CIB are the organizers of the placement.

Gazprom placed 500 million Swiss franc Eurobonds maturing in 2027 in June at 1.54%. Earlier in 2021, Gazprom placed 1 billion euro 6-year Eurobonds at 1.5% and 8-year Eurobonds for $2 billion at a 2.95% yield.

(73.2660 rubles Ц U.S. $1)

End

07.07.2021 19:45
 
 
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