RTRS:Gazprom plans dual-tranche dollar bond - source
Nov 16 (IFR) - Gazprom, the Russian oil and gas firm, has issued guidance level for a planned dual-tranche US dollar deal, according to a source.
Gazprom, rated Baa1/BBB/BBB, has set initial guidance at 5.125% area for the shorter 4.5-year tranche, maturing May 2016. The initial guidance for the longer 9-year tranche, maturing January 2021, has been set at 6.125%.
The deal will be a Reg S/144a transaction, led by BNP Paribas and JP Morgan. Metropol is the co-manager.
