Page 90 - RusRPTDec19

the previous Stockholm arbitration decision on the transit contract to be reviewed." Reportedly, the fears that Naftogaz could block the Eurobond issue or the proceeds of the issue prompted Gazprom to call it off. The issue was largely prepared and could be renewed in the nearest future in more favourable market conditions.
Russian hydropower major ​Rushydro​ placed 5-year ruble denominated Eurobonds worth RUB15bn ($235mn) at 6.8% annual yield ​on November 18. Demand for the issue exceeded the supply more than four-fold at over RUB60bn, with the initial yield guidance lowered from 7%-7.15% to 6.8%.
90​ RUSSIA Country Report​ December 2019 ​ ​www.intellinews.com