Final yield guidance for 7-yr Gazprom EUR notes 3.6%-3.65% - source
MOSCOW. Feb 19 (Interfax) - Final yield guidance for Gazprom's seven-year euro-denominated Eurobonds is 3.6%-3.65% pa, a financial market source told Interfax.
Gazprom is planning a benchmark-sized offering. The bid book is open and the deal ought to be closed on February 19.
Gazprom held a road show for the notes in London and continental Europe on February 17-18. Credit Agricole, JP Morgan and Gazprombank are arranging the offering and Metropol is co-organizer.
Gazprom placed two euro-denominated bond issues last year: the first, in March, consisted of a seven-year tranche of 1 billion euro in seven-year notes at 3.389% and 12-yrear tranche of 500 million euro at 4.364% in March; and the second, in July, was a single tranche of 900 million euro in five-year bonds at 3.7%.
