Bloomberg News

Gazprom Dollar, Euro Bond Sales Demand Said to Reach $22 Billion

July 11, 2012

OAO Gazprom (GAZP) has received bids of more than $22 billion for its planned offerings of 10-year dollar bonds and five-year euro notes, according to a banker familiar with the matter.

The order book for Gazprom’s dollar notes reached about $15 billion, while demand for its March 2017 euro bonds is about 6 billion euros ($7.4 billion), the banker said, declining to be identified because the deals haven’t been concluded.

JPMorgan Chase & Co. (JPM:US), Credit Agricole SA (ACA) and OAO Gazprombank are organizing the sale, which may be priced today.

To contact the reporter on this story: Denis Maternovsky in Moscow at

To contact the editor responsible for this story: Brad Cook at

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