Russia's Gazprom expected to issue benchmark eurobond through Citigroup, Societe General

By Aaron Hochman-Zimmerman

New York, Sept. 7 - OAO Gazprom is projected to offer a benchmark eurobond through Citigroup and Societe General, according to a market source.

The issue is expected in October.

Gazprom priced a $1.25 billion 7.288% 30-year bond (A3/BBB/BBB-) on Aug. 8 at par with a spread of 225 basis points over 30-year U.S. Treasuries.

The government-controlled energy firm is based in Moscow.

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