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Gazprom To Issue Bonds In 2007

Of the total of Gazpom's borrowings projected for 2007

Gazprom To Issue Bonds In 2007

A half of the total of Gazpom's borrowings projected for 2007, some RUR90bn($3.44bn), would be in bonded loans, deputy head of Gazprom's department for financial market operations Andrei Orlov said.

Gazprom proposes to issue RUR5bn ($190.91m) worth of bonds for a term of 7 years in 2007.

As reported earlier, on October 26, Gazprom's Management Board approved the company's budget for 2007, and forecasts for 2008-2009, which put annual borrowings at up to RUR90bn.

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