Gazprom Neft cuts pricing after book hits $15bn
Russian energy firm Gazprom Neft ratcheted down pricing from initial guidance on Tuesday to print a debut $1.5bn 4.375% 10 year bond from a book that at its peak reached $15.5bn. The eventual result was praised in the market but the strategy used to achieve it came in for some criticism from syndicate officials away from the deal.
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