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Gazprom : Russian Energy Giant Gazprom to Issue 8-Year Eurobonds in Euro

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03/14/2018 | 03:23 pm

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 Russias 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.

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.

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