Commentary & Deal Flow

PJSC Gazprom, rated Baa2 (Stable) by Moody's, BBB- (Stable) by S&P and BBB (Stable) by Fitch, has mandated Gazprombank and J.P. Morgan as Joint Global Coordinators and Bookrunners and IMI-Intesa Sanpaolo, MUFG and Sber CIB as Joint Lead Managers and Bookrunners to organize a Global Investor Call that took place on July 5 at 3pm UKT, 4pm CET, 5pm MSK, 10am NYT and arrange a series of fixed-income investor calls commencing on 5 July.  A 144A/Reg S sr unsec benchmark USD-denom Loan Participation Notes offering with a maturity of 10 years will follow, subject to market conditions.