Rosneft woes no block for $2bn Gazprom

Gazprom_PA_575x375.jpg
By Ross Lancaster
19 Feb 2020

Gazprom returned to the Eurobond market for the first time in a year on Tuesday, pulling in $4bn of orders at one stage in the pricing process, despite the US sanctioning a Rosneft subsidiary.

Deal arrangers, JP Morgan, Gazprombank and UniCredit, announced initial price thoughts for the benchmark 10 year trade of 3.625% area on Tuesday.

Gazprom (rated Baa2/BBB-/BBB) had roadshowed for the deal with stops in London and the US. That investor engagement seemed to have paid off as the deal’s ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.