Moscow-based Alfa Bank announced that it is selling corporate bonds for Gazprom. The company is offering Tier 2 notes with a maturity of 10.25 years with a guidance of 9.5 percent to 9.75 percent. Gazprom’s yield for September 2019 notes was only 8.34 percent, according to Bloomberg.
Some have expressed “mixed feelings” about the issuing, given the sanctions against Russia and the potential for the conflict to grow. However, Gazprom and Alfa Bank are not hit with sanctions. The future of the deal hangs in balance and the political situation between Russia and the Ukraine hangs in the balance.
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