Gazprom floats 5-year Eurobonds worth1 bln euro

TASS Russian News Agency | Apr 8, 2020 at 5:21 PM


MOSCOW, April 8. /TASS/. The Russian gas holding Gazprom has floated five-year Eurobonds amounting to 1 bln euro and with the coupon rate of 2.95% per annum, First Vice President of Gazprombank Denis Shulakov told TASS on Wednesday.

"Gazprom successfully offered the Eurobond issue amounting to 1 bln euro for the term of five years and with the coupon rate of 2.95% per annum on April 8," the banker said. The offering was made within the framework of the borrowing program approved for 2020.

"Gazprom has become the first Russian issuer that floated their Eurobonds, despite the coronavirus pandemic spread. This issue has also become the first corporate offering among all issuers of emerging markets after the strongest correction in late months, that is, since February 2020," Shulakov added.

The offering was made without road shows. Gazprombank, J.P. Morgan and UniCredit acted as arrangers.

The company also floated ten-year Eurobonds worth $2 bln in February 2020 with the coupon rate of 3.25%.