Novatek returns for second bite in international market

01 Feb 2013

Novatek, traditionally a rare bond issuer, returned to the international market this week to show investors a Eurorouble issue, having sold a dollar deal as recently as December.

Barclays, Gazprombank, Goldman Sachs and Sberbank are arranging the Reg S/144A deal for the Russian gas giant. The roadshow for the note started in London on Tuesday and moved to New York on Wednesday. Books opened on Thursday.

Novatek, rated Baa3/BBB-/BBB-, sold a $1bn 4.422% 10 year note December ...

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