Russian rate hike boosts Gazprombank’s Rb15bn bond

Gazprombank’s Rb15bn ($480m) December 2015s were printed from a Rb35bn order book on Tuesday, in a clear demonstration of the return of appetite for Eurorouble debt. Demand for the note was given a boost by an unexpected Russian rate hike last Thursday as lead managers Barclays, Citi, HSBC and Gazprombank marketed the note in London.