Reuters: Gazprom raises £850M via Eurobond
Mar. 29, 2017 10:59 AM ET|By: Carl Surran, SA News Editor
Russia's Gazprom (OTCPK:OGZPY) has raised £850M ($1.05B) through a Eurobond, setting a yield of 4.25% for its seven-year sterling benchmark bond, Reuters reports.
A deal in sterling would cement the Russian company's return to its main international funding markets, after earlier this month selling its first bond denominated in U.S. dollars since fall 2014, a $750M 10-year issue.
Gazprom has an external borrowing plan for 2017 of 288.26B rubles ($5.1B).