Support The Moscow Times!

Gazprom, VTB Eye Bonds

Gazprom and state development lender Vnesheconombank (VEB) may place a Eurobond in July, two banking sources said Monday.

The sizes of the possible issues have not been disclosed.

One of the sources said Gazprom may place an issue denominated in British pounds while VEB is looking at an issue in U.S. dollars. Gazprom is to redeem an 800 million pound Eurobond issue in October.

The bonds could follow an expected Eurobond placement by Russia.

Debt markets have been jittery on the back of uncertainty over the U.S. Federal Reserve's stimulus plans.

"It's not a sure thing that the conditions for placement would be better in the second half of the year. Volatility could subside but the market may freeze on new, less comfortable, levels," a source said.

(Reuters)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysiss and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more