Russia's Gazprom delays dollar notes until near the end of the year

By Christine Van Dusen

Atlanta, Oct. 7 - Russia's OJSC Gazprom has decided to delay its planned offering of dollar-denominated notes until close to the end of the year, a market source said.

The Moscow-based gas company had embarked on a roadshow in late September with bookrunner UBS for a possible Regulation S offering.

"UBS and Gazprom wish to extend their gratitude to all of the investors they have met during the meetings in Switzerland ... and to those who have expressed an interest in an issuance," UBS announced. "Given the current market conditions, the company will continue to monitor market conditions."

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