Commentary & Deal Flow

Gazprom PJSC via Gaz Finance PLC (GAZPRU) exp Baa2/BBB-/BBB (s/s/s) US$2bn 144A/Reg S 8y sr unsec loan participation notes due 1/27/29. Gazprombank/JPM (B&D) as JGCs/JBRs, IMI-Intesa Sanpaolo/SMBC Nikko/VTB Capital as JLMs/JBRs. List Dublin. English Law. Pricing today. Settle 1/27.

• IPTs: 3.25-3.375%.
  GUIDANCE: 3.125% area. Orderbook to go subject 14.30 UKT / 09.30 NYT.
  FINAL GUIDANCE: 2.90-2.95%.
  LAUNCHED: $2bn 8y at 2.95%.
  

PRICED: $2bn 2.95% 1/27/29 100. 2.95% T+217.7 (MS+204.1).