MOSCOW: The news agency disclosed earlier in the day that Gazprom began issuing 500 million Swiss francs ($505 million) in Eurobonds with 3.375-percent coupons.
“The Eurobond book was oversubscribed fourfold. Among a variety of investors are Swiss names, in essence every leading investor in Switzerland, as well as Russian and international investors.”
Gazprom’s Eurobonds mature on November 30, 2018. Deutsche Bank, Gazprombank, UBS and Russia’s Renaissance Capital have been picked as its issuers.
The company has reportedly held meetings with investors in Geneva and Zurich earlier this week to arrange the Eurobond placement.
Gazprom’s 2013 Eurobond valued at 500 million Swiss francs with a 2.85-percent per annum coupon matures in October 2019, according to its website.
