Swiss retail swoons for Gazprom

April 01, 2009 12:00 am

retail swoons for Gazprom Gazprom has chosen Swiss francs for its return to the international capital markets — the first Russian issuer in action since the Georgian crisis and the Lehman collapse last year. BNP Paribas is soft sounding a two year deal with a 9% coupon — 825bp over swaps — and the book is at Sfr300m, closing at noon tomorrow. Already there is strong retail interest. How will the borrower fare? Read EuroWeek on Friday.

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