State-owned gas giant Gazprom and investment banking firm JPMorgan Chase & Co have discussed organizing the gas major's deals for expanding its presence outside Russia, Gazprom said in a statement Thursday.
At a meeting in New York Thursday, head of Gazprom's financial department Andrei Kruglov and JPMorgan Chase President and Chairman James Dimon also talked about organizing derivatives transactions and eurobonds issues.
On Wednesday Gazprom placed $1 billion worth of 10-year eurobonds at a yield of 4.95% and five-year bonds worth Eur750 million at mid-swaps plus 270 basis points, Russian investment bank VTB said in its market review Thursday.
JPMorgan Chase and Gazprom have been working together since 2004. The bank has arranged a number of syndicated loans for Gazprom worth a total of $780 million. In 2009-11, JPMorgan Chase was also a co-organizer of Gazprom's eurobond issues worth a total of $4.7 billion.
JPMorgan Chase has been Gazprom's corporate broker since October 2010.
