Russia's Gazprom's $1 billion 30-year bonds talked at 8¾%

By Reshmi Basu

New York, April 22 - OAO Gazprom's funding vehicle GAZ Capital SA has set price guidance for its $1 billion bonds due 2034 at a yield of 8¾% (Ba2/BB-/BB), according to market sources.

The bonds are anticipated to have a maturity of 30 years with a 10-year put.

The issue is expected to price Friday.

Gazprom ran a roadshow from Monday through Thursday, making several stops in Europe and the United States.

Credit Suisse First Boston and Deutsche Bank Securities are bookrunners on the Regulation S/Rule 144A deal.

Gazprom is a Russian natural gas company

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.