Sibur launches $1 billion Eurobond, others to follow
MOSCOW Jan 24 (Reuters) - Russian gas processing and petrochemicals company Sibur has launched its debut Eurobond, a $1 billion five-year issue, a source close to the deal said on Thursday.
The company placed the paper at mid-swaps plus 300 basis points, the lower end of earlier guidance of 300-320 basis points.
Meanwhile, gas export monopoly Gazprom will meet investors on Jan. 28-29 about a possible benchmark dollar Eurobond.
Sberbank, the country's largest lender, was expected to place a three-year rouble Eurobond, with the yield seen in the low 7 percent range.
Russian Agricultural Bank, or Rosselkhozbank, will place a debut Chinese yuan Eurobond in the high 3 percent range, IFR, a Thomson Reuters news and market analysis service, reported. (Reporting by Lidia Kelly; Editing by Dan Lalor)
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