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Saturday, April 20, 2024

Gazprombank named best bond dealer in emerging markets

Gazprombank said on Thursday that it had received journal GlobalCapital's award for top bond dealer of 2014 within emerging markets in Eastern Europe.

Among the bank's achievements in this area was the successful management of the first set of Eurobonds, which totaled $866 million, with production set at 3.6 percent for seven years, listed on the Irish Stock Exchange.

"Each transaction in the capital markets ... is the resultant decision of investors at any given time," Gazprombank First Vice President Denis Shulakov said. "Today, this award is especially important. Russian borrowers have little or no access to international markets...This award has won us credibility and reputation with these bond assets, based on which our bank will be able to combine its success in the past with skillful response to new challenges in the best interests of our clients."