Gazprom to start roadshow Nov. 28 week for $1 billion eurobond

By Paul A. Harris

St. Louis, Nov. 23 - Russia's OAO Gazprom, the world's largest gas-producing company, is expected to start a roadshow Monday for an approximately $1 billion offering of eurobonds, according to market sources.

The deal is expected to be comprised of dollar- and/or euro-denominated bonds.

ABN Amro and Credit Suisse First Boston are the bookrunners.

Proceeds will be used to repay bridge loans obtained in financing Gazprom's $13.1 billion acquisition of Russian energy company Sibneft.

Moody's assigns a foreign currency rating of Baa2 to Gazprom. The Standard & Poor's foreign currency rating is BB. The Fitch foreign currency rating is BB+.

The company has headquarters in Moscow.

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