Russia's Gazprom to sell euro-denominated benchmark-sized bonds

By Reshmi Basu

New York, Oct. 18 - Russia's OAO Gazprom, the world's largest gas-producing company, is marketing a benchmark-sized offering of euro-denominated seven-year notes (Baa1/BBB-/BBB-), according to market sources.

The senior unsecured issue will be structured as fixed-rate bullet notes.

Citigroup, Dresdner Kleinwort, Goldman Sachs and Morgan Stanley are joint bookrunners for the Rule 144A and Regulation S deal, which will be issued via Gaz Capital SA.

Meanwhile the roadshow started on Tuesday and is scheduled to end on Thursday.

The company has headquarters in Moscow.

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