Russia's Gazprom to start marketing for two-part eurobond May 21 week

By Reshmi Basu

New York, May 17 - Russian state-controlled gas monopoly OJSC Gazprom plans to start a roadshow for a two-part offering of sterling- and euro-denominated eurobonds in London on Monday, according to a market source.

Following London, the roadshow will visit Edinburgh and Paris on Tuesday and again in London and in Milan, Italy, on Wednesday.

ABN Amro and Morgan Stanley are joint bookrunners for the benchmark-sized offering of the sterling-denominated tranche, while ABN Amro and Societe Generale are joint bookrunners for the euro-denominated tranche.

Both tranches will be structured as Regulation S deals.

On March 1, Gazprom priced a dual-tranche offering of €500 million in 10-year global notes and $1.3 billion in 15-year global notes (A3/BBB/BBB-).

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