Gazprom launches dual-tranche bond for USD1.7bn
LONDON, Jan 30 (IFR) - Russia's Gazprom, rated Baa1/BBB/BBB, has launched a dual-tranche bond for USD1.7bn, lead managers said.
The oil company launched a USD800m 7-year tranche at a yield of 3.85% and a USD900m 15-year tranche at a yield of 4.95%.
Pricing on the 144a/Reg S transaction is expected later today.
BNP Paribas, Gazprombank and JP Morgan are joint leads on the deal, while IFC Metropol is acting as co-manager. (Reporting by Davide Scigliuzzo; Editing by Sudip Roy)
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video