Gazprom drills for dollar bond, concerns remain over NS2 sanctions

Oil gas fossil fuel hydrocarbon refining 28Aug20 from Adobe 575x375
By Mariam Meskin
20 Jan 2021

Gazprom, the Russian state oil and gas company, this week sold a dollar bond amid growing concerns about US sanctions on the controversial Nord Stream 2 pipeline project, a wholly-owned subsidiary of Gazprom.

The Reg S/144A eight year dollar-denominated benchmark bond went to guidance of 3.125% area on Wednesday afternoon, at which point books were in excess of $2.9bn, including more than $100m of demand from the joint lead managers. Pricing was later tightened to a yield of 2.95% and the ...

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