Gazprombank makes short work of euro five year

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Gazprombank makes short work of euro five year

moscow city

Gazprombank gave the recovering Russian market another shot in the arm with a smoothly executed five year bond, which attracted around €5bn in orders. Debt bankers away from the bond felt the starting point was generous, but leads tightened guidance by 37.5bp from initial price thoughts to final yield.

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