Gazprom sets tranche sizes for 10-year notes offer at $1.35 billion and €500 million

By Paul A. Harris

St. Louis, Nov. 16 - Russian energy giant OJSC Gazprom set tranche sizes at $1.35 billion and €500 million for its approximately $2 billion equivalent two-part offering of notes (Baa1/BBB-/BBB-), according to a market source.

The dollar-denominated notes are being marked with price guidance of mid-swaps plus 110 basis points.

The euro-denominated notes, meanwhile, are guided at mid-swaps plus 118 basis points.

Pricing is expected on Friday.

Credit Suisse and UBS have the books for the Rule 144A/Regulation S offering.

The Moscow-based company last visited the global bond market on Oct. 20 of this year, pricing a €780 million issue of bonds due February 2014 at par to yield 5.03%.

© 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.