Gazprom has reopened the Eurobond markets for Russia with a $2.25 billion issue. The 10-year deal, which features a put option after three years, is the largest ever corporate debt offering from the country (although Gazprom should be deemed a quasi-sovereign) and the first public issue since July 2008. The dollar transaction follows a SFr500 million ($429 million) private placement in early April.
