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Russia Gazprom may place 10-yr Eurobond--sources

Mon Jul 20, 2009 5:12am EDT

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MOSCOW, July 20 (Reuters) - Russia's gas export monopoly, Gazprom (GAZP.MM) may place 10 year eurobond, possibly in two tranches of $1.5 billion and 350 million euros ($496 million), banking and trading sources told Reuters on Monday.

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"There is talk about a 10 year deal in the 9.75-10.00 percent area," the trading source told Reuters.

"There is going be a 10 year tranche of $1.5 billion and a 10 year tranche with a put option after 5 years of 350 million euro," a banker in a major Russian bank said.

Gazprom is meeting with investors from July 20 to discuss its planned $2 billion Eurobond issue and plans to channel to help finance recent acquisitions by its Gazprom Neft (SIBN.MM) oil unit. [ID:nL3715930] (Reporting by Dmitry Sergeyev and Oxana Kobzeva, writing by Toni Vorobyova)

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