LONDON May 14 Russian gas giant Gazprom OAO
has invited banks to a non-deal roadshow in Taiwan
next week to update investors on the company's financial
performance and funding plan as the West prepares to extend
Russian sanctions, bankers said on Wednesday.
The invitation comes two weeks after Gazprom met Asian
investors to explore ways of raising new loans and bonds. The
company is also trying to extend an existing $500 million loan
that is due to mature in July.
Deutsche Bank is coordinating the roadshow which is
scheduled for May 21 in Taipei, sources said.
Alexander Ivannikov, Gazprom's first deputy CFO, Alexei
Finikov, deputy head of the company's debt department and
Ekaterina Kamysheva, head of Gazprom's loan department, will
update banks on the company's latest financial performance as
well as its potential funding plan as well as Russia's political
and macroeconomic environment, the invitation said.
Gazprom was not immediately available for comment.
Some Russian companies are exploring raising loans in Asia,
as Europe's syndicated loan market remains effectively closed.
Taiwanese banks are among Asia's most active lenders, but
have expressed reservations about joining Russian loans due to
unpredictable risks from the Ukraine crisis.
"Our lending limits to Russian companies have been frozen,"
said a senior loan banker from a major Taiwanese
"Russian firms like Gazprom are good quality and have a good
reputation. But if they are put in the sanction list, we are
afraid of defaults if we loan them money." he added.
The European Union expanded sanctions on two Crimean
companies and 13 people on Monday and the US has proposed new
"There is little chance that we can join a deal from Gazprom
as the situation in Russia is too complicated," said another
banker at a Taiwanese commercial bank.
(Editing by Tessa Walsh)