6 Oct 2011 11:39
Gazprom not proceeding with ECP placement - organizer
MOSCOW. Oct 6 (Interfax) - Gazprom has decided not to proceed with a proposed european commercial paper (ECP) placement due to the market situation, placement organizer UBS said in a note for investors.
Gazprom will continue to monitor the market and hopes to place the papers by the end of the year, the note says.