Gazprom goes tight for guidance despite Russian sovereign supply fears

Gazprom has released price guidance for a dual tranche dollar note of 3.85% area yield for a seven year tranche and 5% area for a 15 year. Syndicate officials away from the deal say the guidance is extremely tight considering the potential imminent supply from Russian state-owned issuers this year.

  • 30 Jan 2013

Both notes from the state-owned issuer will be of benchmark size.

The deal, which BNP Paribas, Gazprombank and JP Morgan are arranging, will be today's business.

One syndicate official away from the note described the guidance as aggressive, offering only around 5bp pick-up to the curve for the ...

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