Continuing unrest in emerging debt markets has prompted Gazprombank, the finance subsidiary of the Russian oil and gas giant, to postpone its planned Eurobond issue.

Gazprombank mandated Deutsche Bank at the beginning of July to lead the bond issue, rumoured to be about €200m ($175m) to €300m. It would have been the first Eurobond from a Russian entity since the rouble crisis in 1998.