Gazprom gets $200m in second try for tightly priced ECP

17 Oct 2011

Gazprom priced its $200m six month commercial paper issue on Friday at a yield of 3.5%, a week after postponing the issue. The company has said that the originally released guidance of 4.5% was too wide.

UBS, which arranged the note, had opened books with price guidance of 4.5% yield area on October 4, though did not complete the note. The company said that the guidance at that time was not “official”, and that it was looking for a yield well inside that area, ...

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