Issuer: Gazprom
Amount: $2.5 billion eight-year syndicated loan
Launched: April 21
Lead manager: Dresdner Bank
Is Gazprom the most bankable company in the former Soviet Union?
So it would appear from the runaway success of the gas giant’s inaugural international borrowing – a $2.5 billion syndicated loan arranged by Dresdner Bank. The debut financing has opened the international capital markets to Gazprom and redefined what Russia’s best names can hope to achieve in the market. Given Gazprom’s many big-ticket projects and large foreign currency earnings, bankers had long expected the company to make a move into the international loan markets for financing.
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