Russian energy giant OAO Gazprom became the latest emerging-market borrower to sell debt to international investors, taking advantage of growing expectations that the U.S. Federal Reserve will delay raising interest rates.
Gazprom will pay an interest rate of 4.625% on a €1 billion ($1.12 billion), three-year bond, according to a deal notice released Thursday. Gazprom didn’t respond to requests for comment.
The planned offering follows several bond deals from emerging-market governments and companies this week.
