MOSCOW Jan 28 Two Russian companies, fertilizer
firm Phosagro and gas producer Novatek, may
start road shows for possible Eurobond issues this week, four
banking sources told Reuters on Monday.
"(Phosagro) Meetings with investors from Switzerland, London
and the United States may start by the end of this week," one of
the sources said.
The company has been mulling the issue since late last year,
when the world's second-largest phosphate producer decided to
not proceed with a share sale due to poor market conditions.
Phosagro, which previously targeted a Eurobond issue to
raise between $400 million and $500 million, declined to
Two other sources said Novatek, Russia's largest independent
gas producer, also planned a rouble-denominated Eurobond road
show between Jan. 29 and 30 in London and New York to test
market appetite for a possible rouble-denominated issue.
Reuters could not reach Novatek for an immediate comment.