The blow to oil production in the Middle East seems to have boosted demand for Russian petrochemical giant Sibur's five year dollar benchmark on Monday — the issuer’s first bond in two years.
Initial price thoughts for the Reg S/144A deal were set at 3.75% area. Gazprombank, Goldman Sachs, JP Morgan and Sberbank are running the books. Leads were able to revise guidance to 3.625% area.
The deal is the first emerging markets bond to come in the wake