Gazprom snubs foreign loan mart, but eyes dollar bond issue

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Gazprom snubs foreign loan mart, but eyes dollar bond issue

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Gazprom will avoid tapping the international syndicated loan market for financing to increase its holding in subsidiary Gazprom Neft, and is set to turn to domestic lenders instead. But the Russian blue chip oil and gas firm will next week return to the international arena when it roadshows a dollar benchmark bond issue, which is mandated to Credit Suisse.

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