Gazprombank dim sum highlights Euro interest

The Russian bank on Thursday priced its second dim sum to raise Rmb1 billion, with the highest distribution percentage to European investors in the CNH market.

Gazprombank dim sum highlights Euro interest
Red Square, Moscow

Gazprombank, Russia’s third largest bank, has raised Rmb1 billion from the Hong Kong dim sum market and sold the highest percentage of notes to Europe in the offshore market.

The lender priced the 3-year bonds at 4.25% after conducting a 4-day roadshow in Asia together with an investor call, which generated good anchor demand and shaved 125 basis points off the initial price guidance of 4.375%.  

The book received total orders...

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