Thursday, September 15, 2005
Gazprom Eurobond by Citigroup
Business in Brief: "Gazprombank's $1Bln Bond
LONDON -- Gazprombank, an affiliate of gas monopoly Gazprom, sold a 10-year $1 billion eurobond at par with a yield of 6.50 percent, a market source familiar with the deal said on Thursday.
The bond has a spread of 190 basis points over midswaps, the measure of interest between floating and fixed rates, representing the tight end of the revised guidance range.
Lead managers of the deal are Citigroup and Dresdner Kleinwort Wasserstein.
The order book attracted over $6.5 billion from over 375 accounts, a market source said earlier. (Reuters)"
LONDON -- Gazprombank, an affiliate of gas monopoly Gazprom, sold a 10-year $1 billion eurobond at par with a yield of 6.50 percent, a market source familiar with the deal said on Thursday.
The bond has a spread of 190 basis points over midswaps, the measure of interest between floating and fixed rates, representing the tight end of the revised guidance range.
Lead managers of the deal are Citigroup and Dresdner Kleinwort Wasserstein.
The order book attracted over $6.5 billion from over 375 accounts, a market source said earlier. (Reuters)"
