Foreign investors buy out 75% of new dollar Eurobonds of Gazprom

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Foreign investors buy out 75% of new dollar Eurobonds of Gazprom
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Foreign investors acquired a large part, 75%, of the issue of new dollar Eurobonds of Gazprom, a Russian oil giant, as Denis Shulakov, first Vice-President of Gazprombank, which acted as one of the transaction’s organizers, told Interfax news agency.




On Thursday, for the first time in three years, Gazprom offered dollar Eurobond to the market. The company placed 10-year Eurobonds for $750 million with a yield of 4.95%.

According to Shulakov, 29% of the issue was purchased by investors from continental Europe, 25% - by Russian investors, 13% accounted for investors from Taiwan and the UK, while U.S. investors purchased 10% of Eurobonds, the same amount was acquired by investors from Switzerland.



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