Photo: Alexey Smagin / “Kommersant”
Russian gas monopoly “Gazprom” for the third time this year to go into debt. It is reported RIA Novosti citing a source in banking circles.
The company plans to place seven-year Eurobonds denominated in dollars. The amount of the new placement of the source is not revealed. The organizers are Gazprombank, J. P. Morgan, Banca IMI, Natixis and “VTB Capital”.
The company has already entered the international debt market in April 2020. Then “Gazprom” has placed bonds for € 1 billion maturing in 2025. Their yield was 2.95 percent per annum. Before that, in February, the energy giant has placed ten-year Eurobonds for $ 2 billion. Their yield amounted to 3.25 percent per annum.
Before the February placement, the company entered the international borrowing market year. However, the plans of “Gazprom” has violated the “Naftogaz of Ukraine”. At the end of 2019, Moscow and Kiev reached a package agreement according to which the Russian side should pay to the Ukrainian of 2.92 billion dollars according to the decision of the Stockholm arbitration, said “Interfax”.
In total, in 2020 the company had posted bonds for more than 240 billion rubles, or 43 percent of the planned borrowing for the current year.
Video, photo All from Russia.