MOSCOW, July 29 Russia's Gazprombank met with
South Korean debt investors for the first time last week as the
threat of tougher sanctions arising from the crisis in Ukraine
risks freezing it out of funding markets in Europe.
European Union governments are looking at banning European
investors from buying new debt or shares of banks owned 50
percent or more by the Russian state.
While the new sanctions were being discussed in Brussels,
Gazprombank held a two-day roadshow with fixed-income investors
It said the meeting was held in order to introduce it to
Korea's largest investors, to develop its investor base in the
Asia-Pacific region and in response to increasing economic and
political cooperation between the two countries.
The two-day event "attracted substantial interest" from the
Korean investors, Gazprombank said.
Gazprombank issued a 1 billion euro, five-year bond at the
beginning of July to repay a bond maturing in December. European
institutional investors bought most of the debt.
For a link to the press release here
(Reporting by Oksana Kobzeva; writing by Carmel Crimmins and
Megan Davies; editing by Tom Pfeiffer)