PJSC Gazprom Adr. (OGZPY)

[Timothy Smith]

Gazprom (OTCPK:OGZPY) is poised to sell a three-year euro-denominated bond, its first European debt sale this year, WSJ reports, following the issue earlier this week of a $1B bond by Russian mining firm Norilsk Nickel.

The bond issues come as some investors take encouragement from a perceived easing of tensions in Ukraine, which could reduce the likelihood of further international sanctions being imposed on Russian companies.

WSJ says pricing guidance on the deal suggests that Gazprom will pay an interest rate of 4.75%-4.875% on its bond.