(Businessweek) The following borrowers in emerging markets are expected to sell international bonds. New information is followed by previously reported plans.
OAO Gazprombank, the lending arm of Russia’s gas export monopoly, may sell from $200 million to $300 million of bonds in Swiss francs or British pounds, Interfax reported, citing an unidentified banker.
The Moscow-based bank is meeting investors in Switzerland from Nov. 2 to Nov. 4 in a series of meetings arranged by Barclays Capital, UBS AG and Gazprombank, according to Interfax.
(Added Oct. 26. News: GZPR RU)
PANAMA may sell as much as $89.5 million of international bonds through a development fund. The Fiduciary Fund for Development, owned by the Panamanian government, may sell the 7.125 percent securities due in 2016, according to a filing with the Securities and Exchange Commission today.
There are $980 million outstanding of the notes, which were issued in November 2005. Morgan Stanley is arranging the sale, according to the filing.
(Added Oct. 26. News: TNI PANAM NEWBON)