OREANDA-NEWS. Gazprombank has consolidated its market standing as a leading international debt capital markets arranger, following three recent financings in which it participated in October 2013. Gazprombank affirms its #1 position among Russian banks and now holds #2 position overall in the league tables for international DCM out of Russia in 2013 YTD.

Debut advisory mandate in the international capital markets

Gazprombank acted as Financial Adviser to Norilsk Nickel for its USD1 billion 7-year bond priced at 5.55% YTM on 18 October 2013 / settled on 28 October 2013 (144A/Reg S format). In this role, Gazprombank advised Norilsk on the documentation, as well as the marketing, timing and pricing strategy for this important transaction. The issue was a major success, garnering an order book of over USD6 billion from 400 investors, and achieving pricing well inside initial expectations. This bond helps to extend Norilsk Nickel's USD curve and increases its liquidity in the market.

This assignment role represents the first step of Gazprombank in building out its advisory business targeted at selected Russian clients.

Strengthening position in the primary placements in the international debt capital markets

Gazprombank acted as Joint Lead Manager for a CHF500 million issue by Gazprom which priced at 2.85% YTM on 16 October 2013 / settled on 25 October 2013. The issue was 1.5 times oversubscribed with 58% of the demand coming from Swiss private banks.

Gazprombank Financial Services acted as Joint Lead Manager of Gazprombank's debut 5-year EUR1 billion Eurobond which priced at 3.984% YTM on 23 October 2013 / settled on 30 October 2013. The total demand exceeded EUR4.9 billion from 490 accounts.