Russia?s gas monopoly Gazprom has increased its debt issue to $1.25 billion after being swamped with demand for the country?s first investment grade bond. The company sold an extra $250 million after it received $6 billion in investor demand for the bonds, which are also the first securitized notes to be issued out of Russia.
This is despite corporate uncertainty in Russia surrounding the prosecution of oil giant Yukos and a depressed market for Russian debt caused by Germany?s recent sale of bilateral Russian bonds.
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