Gazprom makes a perfect start in euros: pricing tight, interest high, deal size up

18 Sep 2003

Gazprom launched a groundbreaking Eu1bn seven year Eurobond via Deutsche Bank and UBS this week.

As well as being the Russian gas company's first ever bond in euros, the issue also broke records as the largest ever emerging market corporate bond in the currency, and the longest ever euro denominated bond from Russia.

It was priced at par with a 7.8% coupon, to give ...

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