Russia's Gazprom dual bond tranches to have 10-year maturity

By Reshmi Basu

New York, May 18 - OJSC Gazprom's proposed dual-tranche bond offering will have a 10-year maturity, according to a market source.

Gazprom, via its special purpose vehicle Gaz Capital SA, will issue dual tranches of euro- and dollar-denominated notes (Baa3/BB-/BB).

Size of the offering is still not known at this time.

ABN Amro and Credit Suisse First Boston are running the Rule 144A/Regulation S deal.

Pricing is expected to take place after the completion of a roadshow.

The Moscow-based company is the world's largest natural gas producer.

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