05:23 GMT10 April 2020
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    MOSCOW (Sputnik) – Russia's Gazprom is planning to issue eight-year Eurobonds in euros, a banking source told Sputnik on Wednesday.

    According to the source, the yield stands at around 2.875 percent.

    Earlier, a banking source told Sputnik that Russia’s Gazprom is planning to issue five-year Eurobonds worth up to 750 million Swiss francs ($795 million). The company plans that the Eurobonds will have the maturity of 5-7 years, depending on market conditions.

    On February 26-27, Gazprom held meetings with investors in Geneva and Zurich devoted to the possible placement of its Eurobonds. 

    READ MORE: Russia to Issue Special Eurobonds to Boost Capital Return — Finance Minister

    A Eurobond is a bond that is placed in a currency that is different from the currency of the country or market in which it is issued.

     

     

    Tags:
    Eurobonds, Gazprom, Russia
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