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Gazprom preparing Japanese yen bond placement

The Russian monopoly is a bond placement in Japanese yen at the start of October.
By Staff reporter 21 September 2018 Europe & Russia / Companies & Finance 0 32646

Gazprom is preparing a deal to place bonds denominated in Japanese yen at the beginning of October, a source with knowledge of the company’s plans has told Interfax.

The placement is expected to be a club deal with a restricted number of participants. It will not be a samurai bond, but rather an instrument structured under European law. “An issue in yen equivalent to $1 billion has received the consent of JBIC [Japan Bank for International Cooperation],” Gazprom Deputy Chief Executive Andrei Kruglov told journalists in...