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Sunac places 3.25Y eurobond at YTM 7.0%, wide

Name: 14/07/2021. Gazprombank: Sunac places 3.25Y eurobond at YTM 7.0%, wide
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

14/07/2021 | Gazprombank

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Sunac (BB/Ba3/BB) priced a new $400 mln 3.25NC2.25 eurobond at 7.0% (initial guidance 7.2%). We estimate that the issue was placed slightly wide and is trading so today.

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