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

OAO Gazprom 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., Credit Agricole SA and OAO Gazprombank are organizing the sale, which may be priced today.

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