Gazprom fires up Swiss francs

gazprom headquarters
By Steven Gilmore
16 Oct 2013

Gazprom returned to the Swiss franc market for the first time in four years on Wednesday. Its second ever bond in the currency drew strong demand helped by rarity value and a decent premium over compatriot Russian Railways, according to bankers away from the deal.

The oil firm has tapped the euro, dollar and sterling markets already this year. But it had not sold Swiss franc bonds in the public market since a two year deal in 2008. Swiss franc supply from emerging market corporations is scarce, and investors were attracted by the ...

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