OAO Gazprom to bring $1 billion of 10-year bullets via Dresdner, Morgan Stanley

By Paul A. Harris

St. Louis, Feb. 14 - OAO Gazprom will go on the road to promote a $1 billion offering of high-yield notes due 2013 during the week of Feb. 17, with pricing expected to take place by the end of the week, according to a syndicate source.

Dresdner Kleinwort Wasserstein and Morgan Stanley are joint bookrunners.

The Rule 144A notes are non-callable.

Proceeds will be used to repay short-term debt.

The issuer is a Russian producer and exporter of natural gas.

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