Russia's Novatek to start roadshow for $100 million 18-month notes on Thursday

By Reshmi Basu

New York, Nov. 30 - OAO Novatek will start a roadshow Thursday for its expected $100 million offering of 18-month credit-linked notes.

The bonds will be guaranteed by Novatek's operating subsidiaries and issued through Dutch-registered special purpose vehicle CRR BV.

The roadshow will run through Friday, stopping in Geneva, Zurich and London.

The deal is expected to price during the week of Dec. 6.

ING Trust Bank is running the books for the Regulation S deal.

Novatek, based in Moscow, is a privately owned gas producer in Russia.

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