OREANDA-NEWS. Moscow, 1 of July, 2014 - Gazprombank has issued EUR 1 bn 5-year Eurobonds carrying a coupon of 4%. The issue was placed among 440 accounts; the book was oversubscribed 5.5 times. The investor base comprised mostly European institutional accounts. 59% of the issue was allocated to investors from continental Europe, 14% to Asia and UK each, 11% to Russia. The fund managers and insurance companies took 47% of the issue, private banks 38%, banks 12%.

The issue is Gazprombank's fourth international capital market transaction this year: in the first quarter Gazprombank placed subordinated Eurobonds in the amount of CHF 350 million, as well as two senior Eurobond issues in the amount of CNY 1 bn and USD 750 million.

“Impressive size and quality of the orderbook, attractive pricing and benchmark issue size allow us to say that the deal was very successful. The Bank has once again proved its reputation as a high-quality borrower with sustainable access to the international capital market funding”, noted Igor Rusanov, First Vice-President, Member of the Management Board, Gazprombank.