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Russia's Gazprom to hold roadshow for $1 bln Eurobond issue

Russian energy giant Gazprom plans to launch a roadshow for its $1 billion Eurobond issue not later than next week, several sources close to the bond placement said Wednesday.

The Eurobonds will be placed under Gazprom's $15 billion EMTN (European medium-term note) program. ABN Amro and Morgan Stanley will act as the managers for the Eurobond issue, expected to be offered in a single dollar-denominated tranche. Russian state-controlled crude producer Rosneft, which held a roadshow for its $2 billion Eurobonds in early July, decided earlier this week to delay placing the bonds, due to a worsening of the market situation. (