Gazprom drills for dollar bond, concerns remain over NS2 sanctions

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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