Naspers, Gazprom keep CEEMEA bonds alive; others holding off

Internet and pay TV provider Naspers and Russian oil and gas giant Gazprom have kept CEEMEA Eurobond supply alive this week. Naspers sold a $250m tap of its recently priced seven year bond inside the pricing of the original. Gazprom meanwhile has closed books for a €900m deal at 3.7% with €5.5bn of orders — a level that some are saying is tighter than a new dollar deal could have managed, once swap costs are taken into account.