Tuesday, March 31, 2009
Russia Gazprom to place at least CHF 200 mln in notes
MOSCOW, March 31, 2009 (Reuters by Dmitry Sergeyev) - Gas export monopoly Gazprom (GAZP.MM) plans to place a eurobond with a minimum volume of 200 million Swiss francs with a yield of around 9 percent, a banking source told Reuters on Tuesday. BNP Paribas is a bookrunner and books will be closed Thursday, the source said. Gazprom, Russia's most indebted company with consolidated outstanding debt of $60 billion, most recently tapped the market in July 2008 with a $500 million five-year bond priced at 7.51 percent yield.