Deal of the month
Gazprom
With the primary markets still recovering from the summer, we highlight three deals that deserve special praise: Gazprom's EUR1.2bn bond, GMAC-RFC's RMBS deal, and VW's ABS
Confounding those who expected a dollar bond, Gazprom's euro-denominated October issue displayed expert timing as Europe's corporate bond market began to turn.
Commentators focused on two aspects that made Gazprom's issue special: the size of the book, and the pricing achieved. The book was enormous, with just shy of 300
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