February 04, 2013 18:41
Gazprombank placing 3-yr yuan Eurobonds at 4% (Part 2)
MOSCOW. Feb 4 (Interfax) - Final yield guidance for Gazprombank's (RTS: GZPR) three-year yuan-denominated Eurobonds is 4% per annum, a financial market source told Interfax.
Gazprombank plans to close the deal on Monday.
BNP Paribas and Gazprombank are organizing the issue, and GPB Eurobonds Finance Plc is the issuer.
As reported, yield guidance for Gazprombank's three-year dim sum bonds was around 4% pa.
As of late, the Chinese debt market has been enjoying popularity among Russian banks. In January, Russian Agricultural Bank (Rosselkhozbank) (RTS: RSHB) placed 1 billion Chinese yuan worth of three-year Eurobonds at 3.6% pa. Russian Standard placed 500 million yuan of two-year bonds at 8% pa, and before that, VTB (RTS: VTBR) placed an additional 1 billion yuan in Eurobonds at 3.802% pa.
The last time Gazprombank entered the foreign debt market was in January, when it placed 20 billion rubles worth of Eurobonds at 7.875% pa.
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