Russia’s Gazprom hedges currency risk with novel Eurobond clause

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Russia’s Gazprom hedges currency risk with novel Eurobond clause
15 November 2018, News Wires — Gazprom has moved to protect itself against the impact of any new U.S. sanctions or other risks beyond its control by reserving the right to pay back a 1 billion euro ($1.13 billion)Eurobond in other currencies, a first for a Russian borrower. A prospectus for the Russian gas producer’s bond … More »
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