Tyumen Oil on the road in U.S. with $300 million-plus five-year bonds, wraps up May 14 in Europe

By Paul A. Harris

St. Louis, Mo., May 7 - JSC Tyumen Oil started its U.S. roadshow Tuesday for a $300 million-plus five-year eurobond deal (Ba3/B+/B+) according to a syndicate source. The source added that the U.S. roadshow on the Rule 144A-eligible offering will conclude May 9, following which the deal will be shopped in Europe from May 10-14.

Credit Suisse First Boston and Salomon Smith Barney are joint bookrunners. Merrill Lynch & Co. is joint lead.

The Moscow company will use proceeds to repay debt.

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