Russia's Gazprom extends maturity to 30 years on benchmark dollar deal; expected to price Friday

By Aaron Hochman-Zimmerman

New York, July 16 - OAO Gazprom set the maturity of its highly anticipated benchmark-sized dollar-dominated offering (//BBB-) at 30 years versus the 10-year issue that had been originally expected, according to an informed source.

The notes are being talked at 30-year Treasuries plus 220 to 225 basis points and are expected to price Friday.

ABN Amro and Morgan Stanley will act as bookrunners for the Rule 144A and Regulation S deal.

The Moscow-based oil company is 50.002% controlled by the Russian government.

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