Russia's Gazprom talks euro-denominated seven-year bonds at mid-swaps plus 105 bps area

By Reshmi Basu

New York, Oct. 19 - Russia's OAO Gazprom, the world's largest gas-producing company, set price guidance for a benchmark-sized offering of euro-denominated notes due February 2014 (Baa1/BBB-/BBB-) at the mid-swaps plus 105 basis points area, according to a market source.

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 is scheduled to end on Thursday. Pricing is expected on Friday.

The company has headquarters in Moscow.

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