Russia's Gazprombank returns for bigger dim sum
Gazprombank returned to the offshore renminbi market on January 23 raising double the amount it managed on its debut last year and in doing so became the first Russian issuer to tap the CNH market in 2014. The third largest bank in Russia also made use of a strong existing European investor base, attracting the biggest demand from that region for the CNH bond this year.
The bank first came to the dim sum market in February last year with a Rmb500m ($82m) three year bond which priced at 4%, Gazprombank revisited the same tenor but this time raised Rmb1bn priced at 4.25%.
The issuer was keen to extend its footprint in the CNH
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