June 26, 2014 / 7:57 AM / 3 years ago

Gazprombank marketing five-year euro bond at 4.375% area

LONDON, June 26 (IFR) - Russia’s Gazprombank has opened books on a benchmark-sized five-year euro-denominated bond at an initial yield of 4.375% area, according to a lead manager.

The deal will price later on Thursday.

Credit Suisse, Deutsche Bank, GPB-Financial Services and SG CIB are the lead managers on the transaction.

Gazprombank is rated Baa3 by Moody’s and BBB- by both Standard & Poor’s and Fitch. (Reporting by Sudip Roy; editing by Alex Chambers)

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