MOSCOW: Gazprom (OTCPK:OGZPY) is asking banks to arrange investor meetings in the U.S. next week ahead of a potential dollar-denominated Eurobond, which would be its first since western sanctions were imposed three years ago over Russia’s role in the Ukraine crisis, Reuters reports.
Russian borrowers are returning to the international debt markets this year, raising more than $2B in Eurobonds YTD, but Gazprom has not tapped the market for a U.S. dollar-denominated Eurobond since February 2013, when it raised $800M and $900M in a dual tranche deal. Separately, Gazprom says France’s Credit Agricole has agreed to give it a loan of €700M (~$740M) for five years.
